Grant of options

Oslo June 24, 2009 – The Board of Directors has granted the following primary insiders options in the Board meeting on June 23rd 2009: General Counsel, Jason Hoida, 36 000 options exercisable over four years with a strike price equal to the market price on the day of the board meeting (NOK 28.30). After this, Hoida owns 2 259 shares, and holds 66 000 options. Vice Precident, Anne Stavnes, 10 000 options exercisable over four years with a strike price equal to the market price on the day of the board meeting (NOK 28.30). After this, Stavnes holds 70 000 options. Senior Director Accounting, Baard Andresen, 12 000 options exercisable over four years with a strike price equal to the market price on the day of the board meeting (NOK 28.30). After this, Andresen owns 849 shares, and holds 22 000 options. Senior Director Internal audit and compliance, Roar Olbergsveen, 8 000 options exercisable over four years with a strike price equal to the market price on the day of the board meeting (NOK 28.30). After this, Olbergsveen holds 23 000 options. Engineering Controller, Thomas Bullen, 10 000 options exercisable over four years with a strike price equal to the market price on the day of the board meeting (NOK 28.30). After this, Bullen holds 10 000 options. Lead Developer and Employee Board Member, Karl Anders Øygard, 10 000 options exercisable over four years with a strike price equal to the market price on the day of the board meeting (NOK 28.30). After this, Øygard owns 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, and holds 42 960 options.