Otello Corporation ASA

Pre-Annual General Meeting Information • Dec 14, 2016

Update on extraordinary general meeting

Update on extraordinary general meeting

Reference is made to the extraordinary general meeting of Opera Software ASA

("Opera") scheduled to be held on 15 December 2016. The Board of Opera has

decided to withdraw its proposal in item 6 to amend the articles of association.

The Board has received wide support for the proposal, which it believes would

have been sufficient to approve the amendment. However, after further

consultation with key shareholders, the Board has decided to withdraw the

proposal. As a consequence, shareholders are asked to vote on the Nomination

Committee's proposal for 5 nominee directors to the Board.

Petter Lade, Investor Relations

Tel: +47 2369 2400