Otello Corporation ASA

Opera Software Chief Financial Officer/Chief Strategy Officer Resigns

Opera announced today that Erik C. Harrell, Chief Financial Officer and Chief

Strategy Officer, has tendered his resignation, informing the Company that he

plans to pursue professional opportunities outside the company. Harrell has been

CFO since 2005 and CSO since 2010. Harrell´s resignation as CFO/CSO is effective

from April 15th.

"Erik has been a key contributor to the success, rapid growth and scaling of

Opera´s business from $15 million annual revenue the year before he joined the

Company to around a $775 million annualized revenue run rate based on 4Q15

revenues, said Lars Boilesen, CEO. "We will miss him and wish him the best."

"My more than ten years at Opera have been a tremendous experience, leading

Opera´s finance, strategy and corporate development functions -- working with

many talented people to transform Opera from a desktop only company when I

joined in 2005 to a global leading mobile consumer and mobile advertising

company today," said Harrell. "Going into 2016, Opera has never been better

positioned for future growth."

Petter Lade, Investor Relations

Tel: +47 2369 2400 (http://tel:%2B47%202369%202400)

About Opera Software ASA

Opera enables more than 350 million internet consumers worldwide to connect

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

publishers monetize their content through advertising and advertisers reach the

audiences that build value for their businesses, capitalizing on a global

consumer audience reach that exceeds 1 billion.

AI Terminal