Otello Corporation ASA

Major Shareholding Notification • Jan 15, 2010

Disclosure of shareholding

As of the close of business 13 January 2010,

OppenheimerFunds, Inc. ("OFI") had voting and/or

dispositive power with respect to an aggregate of

17,922,000 shares of Opera Software ASA's Common

Stock on behalf of various OFI Clients.

Our records indicate that OFI currently holds

14.99% of the outstanding shares of Opera Software

ASA on behalf of OFI Clients. The above percentage

was calculated based on our understanding that

Opera Software ASA has 119,574,782 shares of Common

Stock outstanding. The percentage decrease below the

15% reporting threshold occurred through a sale of

78,000 shares of common stock of the issuer on 13

January 2010.

OFI is a member of the MassMutual Financial Group.

However, OFI maintains adequate and effective

information barriers between itself and the other

corporate and asset management companies within the

MassMutual Financial Group.