The resignation follows the changes in ownership and upcoming compulsory bid of the company that likely might result in the company being de-listed and entering a new phase under a different ownership structure. "Even if the acquisition is favorable for the shareholders and will empower Q-Free for future growth, the new setting as a private company differs from the setting that attracted me to take the helm of Q-Free a year ago. The board and I have therefore agreed that it is best to go separate ways", Solberg explains.

The board would like to express its gratitude for Solberg's eminent efforts for the company over the last year, making the organization ready for the further growth journey ahead.

CFO Trond Christensen will until further be appointed as functioning President and CEO of Q-Free ASA.

For further information, please contact:

Trond Valvik, Chairman, +47 992 32 815

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 370 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