Exercise of employee share options in Opera Software ASA

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Reference is made to the statement dated November 24th, 2010.
The payment has been determined based on a selling price of 28.1391 per share.
 
Lars Aarhus purchased 477 shares at a price of 28.1391.
Tor Odland purchased 710 shares at a price of 28.1391.
 
After this, Lars Aarhus holds 6 888 unexercised options in the Company, corresponding to 6 888 shares at the strike price of NOK 12.00, 4 800 unexercised options in the Company, corresponding to 4 800 shares at the strike price of NOK 16.60, 10 000 unexercised options in the Company and 10 000 unexercised options in the Company, corresponding to 10 000 shares at the strike price of NOK 21.80. As of today the primary insider holds 26 829 shares in the Company.
 
After exercising options, Tor Odland holds 3 500 unexercised options in the Company, corresponding to 3 500 shares at the strike price of NOK 12.00, 8 000 unexercised options in the Company, corresponding to 8 000 shares at the strike price of NOK 17.80 and 9 000 unexercised options in the Company corresponding to 9 000 shares at the strike price of NOK 21.80. As of today the primary insider holds 2 435 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