Q-Free: Annual report 2020

Today, Q-Free ASA released its Annual Report 2020. The report contains a
detailed overview of the company's business activities, solution portfolio, and
financial results. This year's edition has a special emphasis on sustainability
and ESG (Environment, Social, Governance) aspects and describes Q-Free's
commitments, goals, initiatives, and contributions to a more sustainable
transportation system.

Please see attached document for further details. The report is also available
at https://www.q-free.com/ir/reports-and-presentations/

About Q-Free:
Q-Free ASA (OSE: QFR) is a global innovator in intelligent transportation
systems that improve traffic flow, road safety, and air quality. With an open,
collaborative approach to tolling, traffic and active transportation management,
Q-Free works with customers and partners on every continent to digitize
infrastructure and overcome modern mobility challenges for the greater good of
society. Headquartered in Trondheim, Norway, Q-Free has annual revenues of
approximately 1 billion NOK and employs approximately 360 transportation
innovators, experts, and enthusiasts. To learn more about how Q-Free is changing
the movements of life, visit www.q-free.com or Twitter:@Q-FreeASA