Exercise of employee share options in Opera Software ASA

Reference is made to the statement dated December 9th, 2011.
The payment has been determined based on a selling price of NOK 28.12 per share.

Lars Aarhus purchased 870 shares at a price of NOK 28.12.
Charles McCathieNevile purchased 1200 shares at a price of NOK 28.12.

After exercising options, Lars Aarhus holds 2 850 unexercised options in the Company, corresponding to 2 850 shares at the strike price of NOK 16.42 and 10 000 unexercised options in the Company, corresponding to 10 000 shares at the strike price of NOK 21.62. As of today the primary insider holds 31 716 shares in the Company.

After exercising options, Charles McCathieNevile holds 2 100 unexercised options in the Company, corresponding to 2 100 shares at the strike price of NOK 16.42. As of today the primary insider holds 7 377 shares in the Company.

Petter Lade, Investor Relations
Tel: +47 2369 3444


Opera Software ASA has redefined Web browsing for PCs, mobile phones and
other networked devices. Opera's cross-platform Web browser technology
is renowned for its performance, standards compliance and small size,
while giving users a faster, safer and more dynamic online experience.
Opera Software is headquartered in Oslo, Norway, with offices around the
world. The company is listed on the Oslo Stock Exchange under the ticker
symbol OPERA. Learn more about Opera at
http://www.opera.com (http://www.opera.com)