Termination of employee representation on Board of Directors
Pursuant to Norwegian law, employees will be entitled to representation at board level in a public limited company if the number of employees is more than 30. For the purpose of calculating the number of employees, Opera Software ASA ("Opera" or the "Company") has historically consolidated all employees of the whole group, thus creating a so-called employee consolidation scheme. After the sale of the consumer business as announced on 4 November 2016, the number of employees in the Opera group's Norwegian entities is less than 30. By a vote held among all existing employees of the Opera