Reference is made to the stock exchange announcement on26 October 2023 and the offer document dated26 October 2023 , regarding a mandatory offer pursuant to Chapter 6 of the Norwegian Securities Trading Act (the "Mandatory Offer") by Juniper Holdco AS (the "Offeror") for all outstanding shares inQ-Free ASA (the "Company") against a consideration in cash ofNOK 12.00 per share. The Offeror has today acquired 100 000 shares through market purchases on theOslo Stock Exchange , at a price per share of up toNOK 11.90 .In addition, the Offeror has during the offer period received acceptances for a total of 151 400 shares, which in addition to the 100 000 shares acquired today through market purchases and the 73,945,959 shares already held by the Offeror is equivalent to 66.7% of the shares and votes in the Company. As a result, the Offeror has crossed the reportable threshold of 2/3 of rights to shares and votes in the Company. Subject to completion of the Mandatory Offer, the Offeror will acquire the 151 400 shares and voting rights in the Company no later than two weeks after expiry of the offer period, being8 December 2023 if the offer period is not extended. The Offeror is a company 70% owned by a subsidiary ofGuardian Capital Group Limited and 30% owned by Rieber & Søn AS, a Bergen based privately held investment firm. This disclosure is made pursuant to section 4-2 of theNorwegian Securities Trading Act.
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