(Oslo, 12 February 2021): Reference is made to the mandatory offer (the “Offer”) from Rieber & Søn AS (the “Offeror”) to acquire all shares in Q-Free ASA (“Q -Free” or the “Company”) pursuant to an offer document dated 14 January 2021 (the “Offer Document”). The acceptance period in the Offer expired today, 12 February 2021, at 16:30 (CET). On 12 February 2021, the Offeror received acceptances for 9,531 shares, corresponding to 0.0088% of the share capital and voting rights in the Company. In total, the Offeror had at the time of expiry of the acceptance period in Offer received acceptances for a total of 103,670 shares and votes in Q-Free. In addition, the Offeror owns a total of 50,258,397 shares in the Company, representing 46.44% of the shares and votes in the Company. Following completion of the Offer the Offeror will hold 50,362,067 shares in the Company corresponding to 46.54% of the shares and voting rights. The foregoing percentages have been calculated based on 108,216,534 issued shares in Q-Free ASA. The number of acceptances received in the Offer may change based on final counting. In accordance with section 4.11 (“Settlement”) of the Offer Document, settlement of the Offer will be made in NOK as soon as reasonably possible and no later than two weeks after the expiry of the acceptance period in the Offer, being 26 February 2021. The Offeror is represented on the Board of Directors of Q-Free and is therefore considered a primary insider of the Company. This notification has been submitted pursuant to the Securities Trading Act section 5-12.