Exercise of employee share options in Opera Software ASA

1. Participants in the Company’s share option program have on November 1st 2012 exercised a total number of 190 186 options. Following the exercise, 190 186 shares will be transferred from Opera Software’s holding of own shares. Subsequent to the transaction Opera Software ASA holds 339 500 own shares.

2. Options exercised by primary insiders November 1st 2012:

Jason Hoida has exercised 2 500 options in the Company, corresponding to
2 500 shares at the strike price of NOK 15.76.

Andreas Thome has exercised 14 000 options in the Company, corresponding to
14 000 shares at the strike price of NOK 12.56.

Christian Uribe has exercised 3 750 options in the Company, corresponding to
3 750 shares at the strike price of NOK 16.06.

Malin Rundberg has exercised 1 500 options in the Company, corresponding to 1 500 shares at the strike price of NOK 16.06.


3. Transfer of rights

On November 1st 2012, 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 Børs when known.

Jason Hoida has transferred 2 500 rights
Andreas Thome has transferred 14 000 rights
Christian Uribe has transferred 3 750 rights
Malin Rundberg has transferred 1 500 rights


4. New holding

After exercising options, Jason Hoida holds 3 500 unexercised options in the Company, corresponding to 3 500 shares at the strike price of NOK 15.76, 35 000 unexercised options in the Company, corresponding to 35 000 shares at the strike price of NOK 21.42, 7 000 unexercised options in the Company, corresponding to 7 000 shares at the strike price of NOK 23.26, 36 000 unexercised options in the Company, corresponding to 36 000 shares at the strike price of NOK 27.36, 50 000 unexercised options in the Company, corresponding to 50 000 shares at the strike price of NOK 27.62 and 60 000 unexercised options in the Company, corresponding to 60 000 shares at the strike price of NOK 27.30, 50 000 unexercised options in the Company, corresponding to 50 000 shares at the strike price of NOK 37.80. As of today the primary insider holds 6 188 shares in the Company.

After exercising options, Andreas Thome holds 225 000 unexercised options in the Company, corresponding to 225 000 shares at the strike price of NOK 21.42, 7 000 unexercised options in the Company, corresponding to 7 000 shares at the strike price of NOK 23.26, 100 000 unexercised options in the Company, corresponding to 100 000 shares at the strike price of NOK 27.36, 240 000 unexercised options in the Company, corresponding to 240 000 shares at the strike price of NOK 27.62 and 400 000 unexercised options in the Company, corresponding to 400 000 shares at the strike price of NOK 37.80.

After exercising options, Christian Uribe holds 5 250 unexercised options in the Company, corresponding to 5 250 shares at the strike price of NOK 16.06 and 10 000 unexercised options in the Company, corresponding to 10 000 shares at the strike price of NOK 21.42.

After exercising options, Malin Rundberg holds 2 100 unexercised options in the Company, corresponding to 2 100 shares at the strike price of NOK 16.06.


Petter Lade, Investor Relations
Tel: +47 2369 2400

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.

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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