Otello Corporation ASA

Prospectus • Aug 12, 2014

Approved prospectus

Approved prospectus

Reference is made to the private placement in Opera Software ASA (the

"Company") of 10 million new shares issued in connection with a private

placement for gross proceeds of NOK 800 million (the "Private

Placement"), cf. stock exchange announcement of 27 June 2014.

The Norwegian Financial Supervisory Authority (Nw. Finanstilsynet) has

approved the prospectus of the Company dated 11 August 2014, (the

"Prospectus"), for the listing of the 10 million new shares in the

Company, with a par value of NOK 0.02 each issued in the Private

Placement.

The Prospectus will be published on 12 August 2014 and will be available

at the following

websites: www.opera.com (http://www.opera.no/) and www.abgsc.com. Hard

copies of the Prospectus may be obtained by contacting ABG Sundal

Collier Norge ASA (+47 22 01 60 00).

Settlement of the new shares took place on 2 July 2014 and the new

shares were registered on a separate ISIN in anticipation of the

approval and publication of the Prospectus. The new shares will become

tradable when the Prospectus is published, and the Placement Shares have

been registered in the VPS under the Company's ordinary ISIN, expected

to take place on 12 August 2014. Participants in the Private Placement

have, however, been able to trade the shares subscribed for in the

Private Placement, due to the Company having entered into a loan

agreement with existing shareholders.

ABG Sundal Collier Norge ASA and Morgan Stanley & Co. International plc

to have acted as Joint Global Coordinators and Joint Bookrunners, and

DNB Markets, a part of DNB Bank ASA, and Goldman Sachs International

have also acted as Joint Bookrunners in connection with the Private

Placement.

For more information, please refer to the Prospectus.

This information is subject of the disclosure requirements acc. to

section 5-12 of the Norwegian Securities Trading Act.

Petter Lade, Investor Relations

Tel: +47 2369 2400

About Opera SoftwareOpera 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 700 million.