Exercise of employee share options in Opera Software ASA

1. Participants in the Company’s share option program have on June 17th 2013 exercised a total number of 541 200 options.

Following the share option exercise, the Board of Directors, pursuant to authorization granted by the company`s Annual General Meeting, has resolved to increase the Company`s share capital by NOK 10,244 by issuing 511,200 new shares, of par value NOK 0.02. Following the increase the Company`s share capital is NOK 2,434,266.64 divided into 122,224,532 shares.


2. Options exercised by primary insiders June 17th 2013:

Arve Johansen has exercised 20 000 options in the Company, corresponding to 20 000 shares at the strike price of NOK 28.05. The options have been settled in cash and not by delivery of shares.

Audun Wickstrand Iversen has exercised 10 000 options in the Company, corresponding to 10 000 shares at the strike price of NOK 22.14. The options have been settled in cash and not by delivery of shares.

Lars Aarhus has exercised 1 000 options in the Company, corresponding to
1 000 shares at the strike price of NOK 15.84.

Baard Farmen Andresen has exercised 9 600 options in the Company, corresponding to
9 600 shares at the strike price of NOK 27.14.

Jason Hoida has exercised 17 700 options in the Company, corresponding to
3 500 shares at the strike price of NOK 14.54, 7 000 shares at the strike price of NOK 23.04 and 7 200 shares at the strike price of NOK 27.14.

Krystian Kolondra has exercised 7 000 options in the Company, corresponding to
7 000 shares at the strike price of NOK 27.14.

Roar Olbergsveen has exercised 2 800 options in the Company, corresponding to
2 800 shares at the strike price of NOK 27.14.

Nuno Sitima has exercised 3 500 options in the Company, corresponding to
3 500 shares at the strike price of NOK 23.04.

Andreas Thome has exercised 107 000 options in the Company, corresponding to
7 000 shares at the strike price of NOK 23.04 and 100 000 shares at the strike price of NOK 27.14.

Tami Weiss has exercised 2 100 options in the Company, corresponding to
2 100 shares at the strike price of NOK 27.14.

Karl Anders Øygard has exercised 2 000 options in the Company, corresponding to
2 000 shares at the strike price of NOK 27.14.

3. Transfer of rights

On June 17th 2013, 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.

Lars Aarhus has transferred 1 000 rights
Baard Farmen Andresen has transferred 9 600 rights
Jason Hoida has transferred 17 700 rights
Krystian Kolondra has transferred 7 000 rights
Roar Olbergsveen has transferred 2 800 rights
Nuno Sitima has transferred 3 500 rights
Andreas Thome has transferred 107 000 rights
Tami Weiss has transferred 2 100 rights
Karl Anders Øygard has transferred 2 000 rights

4. Purchase of shares

On June 17th 2013, the primary insiders mentioned below entered into an agreement to use part or all of the compensation mentioned in item 3 to purchase shares. When known, the final number of shares, along with the compensation, will be reported to Oslo Børs.

Nuno Sitima
Lars Aarhus

5. New holding

After exercising options, Arve Johansen holds 30 000 unexercised options in the Company, corresponding to 30 000 shares at the strike price of NOK 28.05 and 50 000 unexercised options in the Company, corresponding to 50 000 shares at the strike price of NOK 32.10. As of today the primary insider holds 70 000 shares in the Company.

After exercising options, Audun Wickstrand Iversen holds 30 000 unexercised options in the Company, corresponding to 30 000 shares at the strike price of NOK 22.14. As of today the primary insider holds 90 000 shares in the Company.

After exercising options, Lars Aarhus holds 10 000 unexercised options in the Company, corresponding to 10 000 shares at the strike price of NOK 21.20. As of today the primary insider holds 32 743 shares in the Company.

After exercising options, Baard Farmen Andresen holds 25 000 unexercised options in the Company, corresponding to 25 000 shares at the strike price of NOK 21.20, 40 000 unexercised options in the Company, corresponding to 40 000 shares at the strike price of NOK 27.08 and 20 000 unexercised options in the Company, corresponding to 20 000 shares at the strike price of NOK 34.78. As of today the primary insider holds 1 764 shares in the Company.

After exercising options, Jason Hoida holds 35 000 unexercised options in the Company, corresponding to 35 000 shares at the strike price of NOK 21.20, 60 000 unexercised options in the Company, corresponding to 60 000 shares at the strike price of NOK 27.08, 28 800 unexercised options in the Company, corresponding to 28 800 shares at the strike price of NOK 27.14, 50 000 unexercised options in the Company, corresponding to 50 000 shares at the strike price of NOK 27.40 and 50 000 unexercised options in the Company, corresponding to 50 000 shares at the strike price of NOK 37.58 As of today the primary insider holds 7 188 shares in the Company.

After exercising options, Krystian Kolondra holds 20 000 unexercised options in the Company, corresponding to 20 000 shares at the strike price of NOK 21.20, 60 000 unexercised options in the Company, corresponding to 60 000 shares at the strike price of NOK 27.08, 60 000 unexercised options in the Company, corresponding to 60 000 shares at the strike price of NOK 34.78

After exercising options, Roar Olbergsveen holds 15 000 unexercised options in the Company, corresponding to 15 000 shares at the strike price of NOK 21.20, 40 000 unexercised options in the Company, corresponding to 40 000 shares at the strike price of NOK 27.08 and 20 000 unexercised options in the Company, corresponding to 20 000 shares at the strike price of NOK 34.78.

After exercising options, Nuno Sitima holds 11 200 unexercised options in the Company, corresponding to 11 200 shares at the strike price of NOK 17.04, 30 000 unexercised options in the Company, corresponding to 30 000 shares at the strike price of NOK 21.20, 60 000 unexercised options in the Company, corresponding to 60 000 shares at the strike price of NOK 27.08 and 60 000 unexercised options in the Company, corresponding to 60 000 shares at the strike price of NOK 34.78.

After exercising options, Andreas Thome holds 225 000 unexercised options in the Company, corresponding to 225 000 shares at the strike price of NOK 21.20, 240 000 unexercised options in the Company, corresponding to 240 000 shares at the strike price of NOK 27.40 and 400 000 unexercised options in the Company, corresponding to 400 000 shares at the strike price of NOK 37.58. As of today the primary insider holds 10 000 shares in the Company.

After exercising options, Tami Weiss holds 15 000 unexercised options in the Company, corresponding to 15 000 shares at the strike price of NOK 21.20 and 40 000 unexercised options in the Company, corresponding to 40 000 shares at the strike price of NOK 27.08.

After exercising options, Karl Anders Øygard holds 3 500 unexercised options in the Company, corresponding to 3 500 shares at the strike price of NOK 15.84, 20 000 unexercised options in the Company, corresponding to 20 000 shares at the strike price of NOK 21.20, 40 000 unexercised options in the Company, corresponding to 40 000 shares at the strike price of NOK 27.08 and 8 000 unexercised options in the Company, corresponding to 8 000 shares at the strike price of NOK 27.14. As of today the primary insider holds 750 200 shares in the Company.


Petter Lade, Investor Relations
Tel: +47 2369 2400

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
under the ticker symbol OPERA. 'Opera', 'Opera Software', 'Opera Mini'
and the 'O' logo are trademarks of Opera Software ASA. All other
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Opera at www.opera.com.