Otello Corporation ASA

Declaration of Voting Results & Voting Rights Announcements • Jul 7, 2010

Grant of options

Grant of options

Oslo July 7, 2010 - The Board of Directors has granted the following

primary insiders options in the Board meeting on July 6, 2010:

Lars Aarhus, Pac director, 10,000 options exercisable over four years

with a strike price equal to the market price on July 6 (NOK 21.80).

After this, the employee holds 26,352 shares in Opera Software ASA and

22,888 options.

Lars Erik Bolstad, VP Core, 30,000 options exercisable over four years

with a strike price equal to the market price on July 6 (NOK 21.80).

After this, the employee holds 0 shares in Opera Software ASA and 88,000

options.

Johan Borg, VP Mail, 10,000 options exercisable over four years with a

strike price equal to the market price on July 6 (NOK 21.80). After

this, the employee holds 0 shares in Opera Software ASA and 88,045

options.

Rikard Gillemyr, EVP Engineering, 225,000 options exercisable over four

years with a strike price equal to the market price on July 6 (NOK

21.80). After this, the employee holds 360,000 shares in Opera Software

ASA and  505,000 options.

Erik Harrell, CFO/COO, 225,000 options exercisable over four years with

a strike price equal to the market price on July 6 (NOK 21.80). After

this, the employee holds 60,000 shares in Opera Software ASA and 673,000

options.

Frode Hernes, VP Television, 10,000 options exercisable over four years

with a strike price equal to the market price on July 6 (NOK 21.80).

After this, the employee holds 21,727 shares in Opera Software ASA and

102,000 options.

Jason Hoida, General Counsel, 35,000 options exercisable over four years

with a strike price equal to the market price on July 6 (NOK 21.80).

After this, the employee holds 4,983 shares in Opera Software ASA and

97,000 options.

Tor Odland, VP Corporate Communications, 9,000 options exercisable over

four years with a strike price equal to the market price on July 6 (NOK

21.80). After this, the employee holds 2,725 shares in Opera Software

ASA and 22,500 options.

Tove Selnes, EVP HR, 95,000 options exercisable over four years with a

strike price equal to the market price on July 6 (NOK 21.80). After

this, the employee holds 8,890 shares in Opera Software ASA and 159,000

options.

Christian Uribe, Director Deliveries Oslo, 10,000 options exercisable

over four years with a strike price equal to the market price on July 6

(NOK 21.80). After this, the employee holds 0 shares in Opera Software

ASA and  42,220 options.

Baard Andresen, VP Accounting& International Operations, 25,000 options

exercisable over four years with a strike price equal to the market

price on July 6 (NOK 21.80). After this, the employee holds 849 shares

in Opera Software ASA and 45,000 options.

Joakim Kasbohm, Director FP/A, 15,000 options exercisable over four

years with a strike price equal to the market price on July 6 (NOK

21.80). After this, the employee holds 2,422 shares in Opera Software

ASA and 35,000 options.

Petter Lade, Director Investor relations, 15,000 options exercisable

over four years with a strike price equal to the market price on July 6

(NOK 21.80). After this, the employee holds 57,422  shares in Opera

Software ASA and 35,000 options.

Dag Olav Norem, VP Mobile, 16,000 options exercisable over four years

with a strike price equal to the market price on July 6 (NOK 21.80).

After this, the employee holds 0 shares in Opera Software ASA and 46,000

options.

Roar Olbergsveen, Senior Director of Internal Audit and Compliance,

15,000 options exercisable over four years with a strike price equal to

the market price on July 6 (NOK 21.80). After this, the employee holds 0

shares in Opera Software ASA and 35,000 options.

Nuno Bexima Sitima, SVP Consumer Monetization, 30,000 options

exercisable over four years with a strike price equal to the market

price on July 6 (NOK 21.80). After this, the employee holds 9,698 shares

in Opera Software ASA and 79,000 options.

Andreas Thome, EVP Sales, 225,000 options exercisable over four years

with a strike price equal to the market price on July 6 (NOK 21.80).

After this, the employee holds 0 shares in Opera Software ASA and

373,000 options.

Karl Anders Øygard, Solutions architect Desktop, 20,000 options

exercisable over four years with a strike price equal to the market

price on July 6 (NOK 21.80). After this, the employee holds 200 shares

in Opera Software ASA and through Willemhaugen Invest AS (which is

wholly owned Øygard) Øygard), holds 753,931 shares and 57,220 options.

Petter Lade, Investor Relations

Tel: 47 2369 3444