SkyToll Inc. and Q-Free ASA have as previously announced 28th of May 2010 been in a dialogue regarding changes of the contract signed 23rd of January 2009. The dialogue between the companies has been challenging and caused a material reduction of the contract at a late stage of implementation. The system delivered by Q-Free has been in operation since 1st of January 2010.

Reference is made to stock exchange announcement 29th of April 2010 related to an increase in the share capital. The new share capital is NOK 22,893,863.80 divided by 60,247,010 shares at a value of NOK 0.38 per share. The share capital is fully registered in Foretaksregisteret (The Norwegian Company Register).

Q-Free has been awarded a frame agreement for delivering tags and infrastructure to Centro Gestão Meios de Pagto (CGMP) in Brazil valued at 109 MNOK. Guaranteed order intake from this agreement will be 62 MNOK. CGMP is the largest tag distributor in Brazil and has been an established customer of Q-Free since 1999.