Exercise of employee share options in Opera Software ASA - Issuance of new shares

Reference is made to the stock exchange dated 13 March regarding exercise of employee options. In order to be able to deliver shares following exercise of employee options, the Board has resolved to issue 90,644 new shares. The subscription price per share is NOK 20.28 which represents the average strike price for the options exercised. Existing shareholders' preferential right to subscribe for new shares has been set aside in order for Opera to deliver shares to employees exercising options. The shares will give shareholder rights as from the time the shares are registered with the Register of Business Enterprises.
Following registration of the share capital increase, the registered share capital of Opera Software ASA will be NOK 2,434,266.64, divided into 121,713,332 shares, each having a face value of NOK 0.02.

Petter Lade, Investor Relations
Tel: +47 23692400

The worldwide World Wide Web - any device, any platform, any bandwidth,
absolutely anywhere in the world. Opera Software was founded in 1994,
based on the idea that access to the web should be a universal right.
300 million people (and counting) use the Opera web browsers for
computers, mobile phones, TVs and other connected devices. Opera also
delivers tools, distribution, engagement, monetization and market
insights to developers, publishers and brands around the world. We are
passionate about breaking down barriers, so everyone can share in the
power of the internet. Our vision of one web for all remains at the
heart of what we do, because we believe that participation changes
everything. Opera Software ASA is listed on the Oslo Stock Exchange
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Opera at www.opera.com.

About Us

Opera Software ASA is an industry leader in the development of Web browsers for the desktop, device and mobile markets. The Opera browser has received international recognition from end-users and the industry press for being faster, smaller and more standards-compliant than other browsers, and it has gathered a cult following on the net.


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