Otello Corporation ASA

M&A Activity • Mar 29, 2016

Independent statement on voluntary offer

Independent statement on voluntary offer

In connection with the voluntary public offer by Kunqi to acquire all the issued

and outstanding shares of Opera Software ASA ("Opera") pursuant to the terms and

conditions set forth in the Offer Document published on 14 March 2016 (the

"Offer") , the Board of Directors of Opera has retained Carnegie AS to prepare

an independent valuation and statement in relation to the Offer in accordance

with Section 6-16 of the Securities Trading Act. The statement issued by

Carnegie is provided as an attachment to this announcement.

This information is subject to disclosure requirements pursuant to Section 5-12

of the Norwegian Securities Trading Act.

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.