Exercise of employee share options in Opera Software ASA

1. Participants in the Company's share options program have on March 4^th 2009 exercised a total number of 1,051,970 options. Following the exercise, 1.051.970 shares will be transferred from Opera Software's holding of own shares. Subsequent to the transaction Opera Software ASA holds 1 005 114 own shares.


2. Options exercised by primary insiders March 4^th 2009:


Tor Odland has exercised 2,000 options in the Company, corresponding to 2,000 shares at the strike price of NOK 12.40.


Tove Selnes has exercised 8,000 options in the Company, corresponding to 8,000 shares at the strike price of NOK 13.50.


Stephan Brodschöll has exercised 40,000 options in the Company, corresponding to
40,000 shares at the strike price of NOK 12.40.


Rolf Assev has exercised 64,000 options in the Company, corresponding to 64,000 shares at the strike price of NOK 12.40.


Christen Krogh has exercised 134,000 options in the Company, corresponding to 134,000 shares at the strike price of NOK 12.40.


Karl Anders Øygaard has exercised 5,740 options in the Company, corresponding to 5,740 shares at the strike price of NOK 12.40.


Anne Christiansen Stanvnes has exercised 20,000 options in the Company, corresponding to 20,000 shares at the strike price of NOK 12.40.


William J Raduchel has exercised 20,000 options in the Company, corresponding to 20,000 shares at the strike price of NOK 14.40.


Stig Halvorsen has exercised 5,740 options in the Company, corresponding to 5,740 shares at the strike price of NOK 12.40.


Håkon Wium Lie has exercised 20,000 options in the Company, corresponding to 20,000 shares at the strike price of NOK 12.40.


Frode Hernes has exercised 25,000 options in the Company, corresponding to 25,000 shares at the strike price of NOK 10.00.


Erik Harrell has exercised 112,000 options in the Company, corresponding to 112,000 shares at the strike price of NOK 12.40.


Snorre Grimsby has exercised 10,000 options in the Company, corresponding to 10,000 shares at the strike price of NOK 12.40.


Lars Erik Bolstad has exercised 36,500 options in the Company, corresponding to 12,500 shares at the strike price of NOK 10.00 and 24,000 shares at the strike price of NOK 12.40 .


Erika Gillemyr has exercised 2,296 options in the Company, corresponding to 2,296 shares at the strike price of NOK 12.40.


3. Transfer of rights


On March 4^th 2009, the primary insiders mentioned below transferred their rights to receive shares resulting from the exercise of options to a third party. The sales amount will be finally determined on the basis of the price subsequently obtained by the third party when selling the shares in the market. Still, primary insiders cannot be held liable for losses incurred by the third party if the shares are later sold below the strike price. Final compensation for the transferred rights will be reported to Oslo Stock Exchange when known.


Tor Odland has transferred 2,000 rights.

Tove Selnes has transferred 8,000 rights.

Stephan Brodschöll has transferred 40,000 rights.

Rolf Assev has transferred 64,000 rights.

Christen Krogh has transferred 134,000 rights.

Karl Anders Øygaard has transferred 5,740 rights.

Anne Christiansen Stanvnes has transferred 20,000 rights.

William J Raduchel has transferred 20,000 rights.

Stig Halvorsen has transferred 5,740 rights.

Håkon Wium Lie has transferred 20,000 rights.

Frode Hernes has transferred 25,000 rights.

Erik Harrell has transferred 112,000 rights.

Snorre Grimsby has transferred 10,000 rights.

Lars Erik Bolstad has transferred 36,500 rights.

Erika Gillemyr has transferred 2,296 rights.


4. New holding


After exercising options, Tor Odland holds 12,500 unexercised options in the Company, corresponding to 12,500 shares at the strike price of NOK 10.00 and 6,000 unexercised options in the Company, corresponding to 6,000 shares at the strike price of NOK 12.40. After
the above transactions, the primary insider holds 1 893 shares in the Company.


After exercising options, Tove Selnes holds 32,000 unexercised options in the Company, corresponding to 32,000 shares at the strike price of NOK 13.50.


After exercising options, Stephan Brodschöll holds 25,000 unexercised options in the Company, corresponding to 25,000 shares at the strike price of NOK 10.00, 60,000 unexercised options in the Company, corresponding to 60,000 shares at the strike price of NOK 12.40, and 20,000 unexercised options in the Company, corresponding to 20,000 shares at the strike price of NOK 24.20. After the above transactions, the primary insider holds 30 000 shares in the Company.


After exercising options, Rolf Assev holds 256,000 unexercised options in the Company, corresponding to 256,000 shares at the strike price of NOK 12.40. After the above transactions, the primary insider holds Rolf Assev holds 430,518 shares in Opera Software and with family owns 100% of shares in the investment company Bjørnvold Invest that owns 574,000 shares in the company.


After exercising options, Christen Krogh holds 402,000 unexercised options in the Company, corresponding to 402,000 shares at the strike price of NOK 12.40. After the above transactions, the primary insider holds 15 531 shares in the Company.


After exercising options, Karl Anders Øygaard holds 22,960 unexercised options in the Company, corresponding to 22,960 shares at the strike price of NOK 12.40, and 10,000 unexercised options in the Company, corresponding to 10,000 shares at the strike price of NOK 17.00. After the above transactions, the primary insider holds 753,931 shares in Opera Software through Villemhaugen Invest AS that is owned by Karl Anders Øygarden with 100%. In addition Øygarden holds 200 shares in the Company.


After exercising options, Anne Christiansen Stavnes holds 60,000 unexercised options in the Company, corresponding to 60,000 shares at the strike price of NOK 12.40.


After exercising options, Lars Erik Bolstad holds 72,000 unexercised options in the Company, corresponding to 72,000 shares at the strike price of NOK 12.40 and 20,000 unexercised options in the Company, corresponding to 20,000 shares at the strike price of NOK 17.00


After exercising options, Erika Gillemyr holds 6,888 unexercised options in the Company, corresponding to 6,888 shares at the strike price of NOK 12.40 and 6,000 unexercised options in the Company, corresponding to 6,000 shares at the strike price of NOK 17.00.


After exercising options, William J Raduchel holds 80,000 unexercised options in the Company, corresponding to 80,000 shares at the strike price of NOK 14.40, 100,000 unexercised options in the Company, corresponding to 100,000 shares at the strike price of NOK 14.55, and 75,000 unexercised options in the Company, corresponding to 75,000 shares at the strike price of NOK 24.00. After the above transactions, the primary insider holds 95 000 shares in the Company.


After exercising options, Stig Halvorsen holds 17,220 unexercised options in the Company, corresponding to 17,220 shares at the strike price of NOK 12.40, and 10,000 unexercised options in the Company, corresponding to 10,000 shares at the strike price of NOK 17.00.


After exercising options, Håkon Wium Lie holds 80,000 unexercised options in the Company, corresponding to 80,000 shares at the strike price of NOK 12.40.


After exercising options, Frode Hernes holds 96,000 unexercised options in the Company, corresponding to 96,000 shares at the strike price of NOK 12.40, and 20,000 unexercised options in the Company, corresponding to 20,000 shares at the strike price of NOK 17.00. After the above transactions, the primary insider holds 21 727 shares in the Company.


After exercising options, Erik Harrell holds 448,000 unexercised options in the Company, corresponding to 448,000 shares at the strike price of NOK 12.40. After the above transactions, the primary insider holds 60 000 shares in the Company.


After exercising options, Snorre Grimsby holds 35,000 unexercised options in the Company, corresponding to 35,000 shares at the strike price of NOK 10.00, and 40,000 unexercised options in the Company, corresponding to 40,000 shares at the strike price of NOK 12.40. After the above transactions, the primary insider holds 26 754 shares in the Company.

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.

Contacts

  • Opera Software ASA
    Waldemar Thranes gate 98 NO-0175 Oslo
    +47 24 16 40 00
    +47 24 16 40 01

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