Otello Corporation ASA

Regulatory Filings • Mar 15, 2016

Opera in discussions to divest its TV business

Opera in discussions to divest its TV business

Opera Software ASA ("Opera") has for some time been in discussions to divest its

TV business, in order for the TV business to achieve its full potential under a

different ownership structure. No agreement has yet been made nor is certain to

be made. Opera will update the market in due course.

The process has been run as part of the broader strategic review. Golden Brick

Silk Road (Shenzhen) Equity Investment Fund II LLP was informed of the process

before announcing its recommended voluntary offer on 10 February 2016. A

potential divestment of the TV business will be completed on terms not impacting

the voluntary offer.

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.