Otello Corporation ASA

Earnings Release • Apr 28, 2016

Approval of annual accounts and Board of Director's report for 2015

Approval of annual accounts and Board of Director's report for 2015

The Board of Directors of Opera Software ASA has approved the consolidated

financial statements, the parent company's financial statements and the Board of

Directors' report for 2015. No significant changes have been made to the

financial statements compared with those presented in the 4Q 2015 report,

published on February 10, 2016. However, a reduction of USD 14.5 million in

equity compared to the 4Q 2015 statements has been recognized due to translation

differences recorded in goodwill, other intangible assets and deferred

taxes. The Board will propose to the Annual General Meeting, to be held on June

28, 2016, that no dividend for 2015 be paid out.

The Annual Report for 2015 will be sent as a separate stock exchange notice and

published on the company's web site www.opera.com by April 30, 2016.

Petter Lade, Investor Relations

Tel: +47 2369 2400

About Opera Software ASA

Opera enables more than 350 million internet consumers worldwide to connectwith

the content and services that matter most to them. Opera also helpspublishers

monetize their content through advertising and advertisers reach theaudiences

that build value for their businesses, capitalizing on a globalconsumer audience

reach that exceeds 1 billion.