Otello Corporation ASA

Report Publication Announcement • May 11, 2017

OPERA SOFTWARE ANNOUNCES FIRST QUARTER RESULTS

OPERA SOFTWARE ANNOUNCES FIRST QUARTER RESULTS

Oslo, Norway - May 11, 2017 - Opera Software (OSEBX: OPERA) today reported

financial results for the first quarter, which ended March 31, 2017.

Please find the first quarter report (1Q17.pdf) and first quarter presentation

(1Q17_presentation.pdf) attached.

Webcast: http://www.operasoftware.com/company/investors/webcasts/q12017

Petter Lade, CFO

Phone: +47 91143878

E-mail: petterl@opera.com

About Opera:

Opera holds shares in several different businesses, including AdColony

which helps publishers monetize their content through advertising and

advertisers reach the audiences that build value for their businesses,

capitalizing on aglobal consumer audience reach that exceeds 1.5 billion; Opera

Apps and Games(Bemobi); "Performance & Privacy" (Skyfire and Surfeasy); and

Opera TV.