Otello Corporation ASA

Capital/Financing Update • Mar 19, 2015

Opera increases Credit Facility

Opera increases Credit Facility

Opera has signed an agreement with DNB Bank ASA to increase the size its secured

credit facility ("facility") from $150 million to $250 million, of which $60

million is a 3 year term loan and $190 million is a 3 year Revolving Credit

Facility. The new facility will primarily be secured through a share pledge in

Opera Software International AS and floating charges over accounts receivable in

Opera Software ASA and certain of its US subsidiaries. The new facility has a

term of 3 years and has the same terms as the existing facility. Opera Software

intends to use the financing for general corporate purposes

Petter Lade, Investor Relations

Tel: +47 2369 2400

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 and more than 130 mobile

operators to deliver the very best possible internet experience to their

subscriber base. 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 800

million.