The Miami-Dade Expressway Authority (MDX) in Miami, Florida USA has signed a 3
-year extension of Q-Free's Intrada® Insight video toll license plate image
processing system. The MDX expressway system consists of five of the most
heavily traveled expressways in Miami-Dade County. Q-Free's Insight IRS provides
MDX with an integrated license plate reading system that has both an automated
image review (AIR) and a manual image review (MIR) application capability. The
contract has a minimum value of 20 MNOK and maximum 26 MNOK, and will continue
to provide a high performance automated and manual plate reading system and
includes a performance guarantee. The Insight system is required to process up
to 265 million video-based license plate transactions per year with a guaranteed
99.95% accuracy and high read automation rate. The revenue for this contract
will mostly be recognized as recurring revenue starting in September, 2023
through August, 2026.

- We are extremely proud and pleased to continue as the supplier of the video
toll license plate image processing system to MDX. It further increases our
recurring revenue base and proves the added benefits of Q-Free's Intrada®
Insight, says Thale Kuvås Solberg, President & CEO of Q-Free ASA.

The Q-Free Intrada® Insight automated license plate reading application delivers
predictable 24/7-performance with high accuracy automated machine vision and
integrated human review plate read resulting in low-error rate plate reading for
video toll revenue collection. The system applies advanced network learning and
machine image processing technologies along with innovative manual image review
processes to efficiently automate plate reads - especially complex U.S. license
plates - across any size toll network. The system improves revenue collection,
creates operating cost efficiencies, and reduces errors - in particular with
respect to toll client billing errors.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to section 5-12 of the Norwegian Securities Trading Act. This stock exchange
announcement was published by Rita Bøe Isaksen, Board Secretary in Q-Free ASA,
on 7 July 2023 at 16.27 CET.

For further information, please contact:

Thale Kuvås Solberg, President & CEO, +47 936 800 30

Trond Christensen CFO, +47 481 02 754

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 NOK 900 million and employs approximately 350 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