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Q-Free

Q-Free

Q-Free: Launch of mandatory offer to acquire all shares in Q-Free ASA

16:40 / 24 November 2022 Q-Free Press release

The Offer is not being made, and this press release may not be distributed,
directly or indirectly, in or into, nor will any tender of shares be accepted
from or on behalf of holders, in any jurisdiction in which the making of the
Offer, the distribution of this stock exchange announcement or the acceptance of
any tender of shares would contravene applicable laws or regulations.

(Bergen, 24 November 2022): Reference is made to the stock exchange announcement
published by Rieber & Søn AS ("Rieber & Søn") on 10 November 2022, where Rieber
& Søn announced that it had acquired shares in Q-Free ASA (the "Company")
resulting in an aggregate holding of 50.40% of the shares and votes in the
Company, and thereby triggering an obligation to make a mandatory offer for the
remaining shares in the Company pursuant to Chapter 6 of the Norwegian
Securities Trading Act (the "Offer").

As of the date hereof, Rieber & Søn owns 56,069,283 shares, representing 50.40%
of the share capital and votes in the Company. The terms and conditions of the
Offer are set out in an offer document prepared by Rieber & Søn dated 24
November 2022 (the "Offer Document").

The Oslo Stock Exchange has in its capacity as take-over authority of Norway,
pursuant to Section 6-14 of the Norwegian Securities Trading Act, reviewed and
on 24 November 2022 approved the Offer Document.


The key terms of the Offer are:

Offer Price: NOK 6.20 per share

Acceptance Period: From and including 25 November 2022 to and including 23
December 2022 at 16:30 (CET). The offer period may be extended by up to two
weeks.

Settlement: In NOK within two weeks after the expiry of the acceptance period.

Receiving Agent: DNB Bank ASA, e-mail: retail@dnb.no


The Offer may only be accepted on the basis of the Offer Document. Subject to
regulatory restrictions in certain jurisdictions, the Offer Document will be
sent to the Company's shareholders as registered in Euronext Securities Oslo
(the Norwegian Central Securities Depository, VPS) as of the date of the Offer
Document.

The Offer Document will, subject to regulatory restrictions in certain
jurisdictions, also be available on Rieber & Søn's homepage:
https://rieberson.no/offer-document/

For further information please contact: Rieber & Søn AS, Øystein Elgan, +47 901
08 833
Oslo Børs

This information was distributed by Oslo Børs https://www.oslobors.no/