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Grant of options

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Oslo, June 6, 2012 - The Board of Directors has granted the
following primary insiders options on June 5, 2012:

Erik Harrell, CFO/CSO, 200,000 options of which 50% become
exercisable after 3 years and 50% become exercisable after 4 years, each
with a strike price equal to the market price on June 5. (NOK 37.80).
After this, the employee holds 723,000 options and 60 000 shares in Opera Software.

Andreas Thome, EVP, Sales & Marketing, 200,000 options of which 50% become
exercisable after 3 years and 50% become exercisable after 4 years, each
with a strike price equal to the market price on June 5. (NOK 37.80).
After this, the employee holds 791,000 options in Opera Software.

Rikard Gillemyr, EVP, Product Development, 200,000 options of which 50% become
exercisable after 3 years and 50% become exercisable after 4 years, each
with a strike price equal to the market price on June 5. (NOK 37.80).
After this, the employee holds 785,000 options and 360,000 shares in Opera Software.

Tom Christian Gotschalksen, EVP, Mobile Services, 150,000 options of which 50% become
exercisable after 3 years and 50% become exercisable after 4 years, each
with a strike price equal to the market price on June 5. (NOK 37.80).
After this, the employee holds 150,000 options in Opera Software.

Jason Hoida, General Counsel, 50,000 options of which 50% become
exercisable after 3 years and 50% become exercisable after 4 years, each
with a strike price equal to the market price on June 5. (NOK 37.80).
After this, the employee holds 244,000 options and 5 928 shares in Opera Software.

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.