Otello Corporation ASA

Remuneration Information • May 20, 2015

Grant of restricted share units

Grant of restricted share units

The Board of Directors of Opera Software ASA granted a total of 1,125,000

performance based restricted share units ("RSUs") on May 19, 2015. 870,000 RSUs

have been granted to approximately 170 employees of Opera Mediaworks, all of

which will, if certain performance criteria are met, vest over 2 years with 50%

annually.

The following primary insiders were granted RSUs:

Lars Boilesen, CEO, 78 000 RSUs. The RSUs are partly based on certain

performance criteria and partly on criteria related to shareholder return. The

performance based RSU will, provided that the criteria are met, vest annually

over 4 years. The shareholder return based RSUs will, provided that the criteria

are met, vest after three years. After this grant, the employee holds 168 000

RSUs, 300 000 options and 23 735 shares in Opera Software ASA.

Mahi de Silva, CEO Opera Mediaworks, 100 000 RSUs. The RSUs will, if certain

performance criteria are met, vest annually over 4 years. After this grant, the

employee holds 186 250 RSUs and 32 875 shares in Opera Software ASA.

Erik Harrell, CFO/CSO, 20 000 RSUs. The RSUs are partly based on certain

performance criteria and partly on criteria related to shareholder return. The

performance based RSU will, provided that the criteria are met, vest annually

over 4 years. The shareholder return based RSUs will, provided that the criteria

are met, vest after three years. After this grant, the employee holds 35 000

RSUs, 612 500 options and 103 489 shares in Opera Software ASA.

Andreas Thome, CCO, 20 000 RSUs. The RSUs are partly based on certain

performance criteria and partly on criteria related to shareholder return. The

performance based RSU will, provided that the criteria are met, vest annually

over 4 years. The shareholder return based RSUs will, provided that the criteria

are met, vest after three years. After this grant , the employee holds 35 000

RSUs, 520 000 options and 12 339 shares in Opera Software ASA.

Andreas Thorsheim, SVP Products, 25 000 RSUs. The RSUs are partly based on

certain performance criteria and partly on criteria related to shareholder

return. The performance based RSU will, provided that the criteria are met, vest

annually over 4 years. The shareholder return based RSUs will, provided that the

criteria are met, vest after three years. After this grant, the employee holds

25 000 RSUs and 5000 shares in Opera Software ASA.

Matthew Chagan, VP Corporate Development, 12.000 RSUs. The RSUs are partly based

on certain performance criteria and partly on criteria related to shareholder

return. The performance based RSU will, provided that the criteria are met, vest

annually over 4 years. The shareholder return based RSUs will, provided that the

criteria are met, vest after three years. After this grant, the employee holds

12 000 RSUs in Opera Software ASA.

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.