Otello Corporation ASA

Director's Dealing • Jul 7, 2014

Mandatory notification of trade

Mandatory notification of trade

On July 4th 2014, ABG Sundal Collier has, on behalf of Opera Software,

purchased 35,345 shares for use in the group's employee share purchase

plan (ESPP). The shares have been acquired at a price of NOK 80.45,

based on an average price obtained by option holders.

The discounted share price to the employees is NOK 64.36 per share. The

following primary insiders have purchased shares:

Baard Farmen Andresen, purchased 248 shares at NOK 64.36. Following this

transaction, Andresen holds 12 500 unexercised options in the Company,

corresponding to 12 500 shares at the strike price of NOK 20.96, 40 000

unexercised options in the Company, corresponding to 40 000 shares at

the strike price of NOK 26.84, 20 000 unexercised options in the

Company, corresponding to 20 000 shares at the strike price of NOK 34.54

and 20 000 unexercised options in the Company, corresponding to 20 000

shares at the strike price of NOK 76.01. As of today the primary insider

holds 2 233 shares in the Company.

Matthew Chagan, purchased 248 shares at NOK 64.36. As of today the

primary insider holds 248 shares in the Company.

Alfredo Finch, purchased 248 shares at NOK 64.36. As of today the

primary insider holds 248 shares in the Company.

Karin Greve-Isdahl, purchased  248 shares at NOK 64.36. Following this

transaction, Greve-Isdahl holds 15 000 unexercised options in the

Company, corresponding to 15 000 shares at the strike price of NOK

76.01. As of today the primary insider holds 248 shares in the Company.

Jason Hoida, purchased 248 shares at NOK 64.36. Following this

transaction, Hoida  holds 17 500 unexercised options in the Company,

corresponding to 17 500 shares at the strike price of NOK 20.96, 60 000

unexercised options in the Company, corresponding to 60 000 shares at

the strike price of NOK 26.84, 25 000 unexercised options in the

Company, corresponding to 25 000 shares at the strike price of NOK

27.16, 50 000 unexercised options in the Company, corresponding to 50

000 shares at the strike price of NOK 37.34, and 50 000 unexercised

options in the Company, corresponding to 50 000 shares at the strike

price of NOK 76.01. As of today the primary insider holds 248 shares in

the Company.

Erik Møller, purchased 248 shares at NOK 64.36. Following this

transaction. As of today the primary insider holds 248 shares in the

Company.

Roar Olbergsveen, purchased 248 shares at NOK 64.36. Following this

transaction, Olbergsveen holds 7 500 unexercised options in the

Company,corresponding to 7 500 shares at the strike price of NOK 20.96,

40 000 unexercised options in the Company, corresponding to 40 000

shares at the strike price of NOK 26.84, 20 000 unexercised options in

the Company, corresponding to 20 000 shares at the strike price of NOK

34,54 and 20 000 unexercised options in the Company, corresponding to 20

000 shares at the strike price of NOK 76.01. As of today the primary

insider holds 248 shares in the Company.

Tove Marie Selnes, purchased 248 shares at NOK 64.36. Following this

transaction, Selnes  holds 47 500 unexercised options in the Company,

corresponding to 47 500 shares at the strike price of NOK 20.96, 60 000

unexercised options in the Company, corresponding to 60 000 shares at

the strike price of NOK 26.84, 50 000 unexercised options in the

Company, corresponding to 50 000 shares at the strike price of NOK 34,54

and 20 000 RSUs in the Company, corresponding to 20 000 shares at the

purchase price of NOK 0.02. As of today the primary insider holds 9 359

shares in the Company.

Christian Uribe, purchased 248 shares at NOK 64.36. Following this

transaction, Uribe holds 5 000 unexercised options in the Company,

corresponding to 5 000 shares at the strike price of NOK 20.96, 20 000

unexercised options in the Company, corresponding to 20 000 shares at

the strike price of NOK 76.01. As of today the primary insider holds 248

shares in the Company.

Petter Lade, Investor Relations

Tel: +47 2369 2400

About Opera Software ASA Opera products enable more than 350 million

internet consumers worldwide to discover and connect with the content

and services that matter most to them, no matter what device, network or

location. In turn, we help advertisers reach the audiences that build

value for their businesses. Opera also d.elivers products and services

to more than 130 mobile operators around the world, enabling them to

provide a faster, more economical and better network experience to their

subscribers. From family photos and funny videos to business ideas that

change the world economy, the internet has always been about discovery.

Whether you are a consumer getting online for the first time, or a

multinational corporation trying to reach the right audience, Opera can

help you discover more online. Opera Software ASA is listed on the Oslo

Stock Exchange under the ticker symbol OPERA. 'Opera', 'Opera Software',

'Opera Mini' and the 'O' logo are trademarks of Opera Software ASA. All

other trademarks are the property of their respective owners. Learn more

about Opera at www.opera.com