Otello Corporation ASA — Proxy Solicitation & Information Statement 2010

May 25, 2010

Opera Software ASA Notice of Annual General Meeting

Opera Software ASA Notice of Annual General Meeting

Notice is hereby given to the shareholders of Opera Software ASA of the

Annual General Meeting to be held on Wednesday June 15, 2010 from 13:00

to 14:00 CEST at Thon Vika Atrium, Munkedamsveien 45, 0250 Oslo, Norway.

On the agenda are the following items:

1.    Opening by the chairman of the Board - Registration of attending

shareholders

2.    Election of chairperson for the meeting

3.    Approval of the calling notice and the agenda

4.    Election of a person to countersign the minutes from the meeting

together with the chairman

5.    Approval of the financial statements and annual report for 2009

6.    Approval of dividends for 2009

7.    Approval of the auditor's fee for 2009

8.    Approval of remuneration to Board members

8.1  Fixed remuneration

8.2  Additional remuneration for 2009

8.3  Remuneration for participation in committees

8.4  Options for new Board member

9.    Approval of remuneration to the members of the Nomination

Committee

10.  Authorization for the Board to acquire own shares

11.  Board authorization to increase the share capital by issuance of

new shares

11.1 Authorization regarding employees'

incentive program

11.2 Authorization regarding acquisitions

12.  Election of Board of Directors

13.  Declaration from the Board regarding remuneration principles for

Executive Team

14.  Approval of standard option agreement

15.  Approval of agreement not to have a corporate assembly

16.  Amendments to the Articles of Association

16.1 Electronic participation in General Meetings

16.2 Notice periods for General Meetings

16.3 Distribution of documents to shareholders

16.4 Changes regarding the Nomination

Committee

17.  Calling notice Extraordinary General Meeting

18.  Election of member to the Nomination Committee

19.  Closing

Shareholders who wish to attend the General Meeting, either in person or

by proxy, are requested to complete and return the attendance slip

attached hereto as Enclosure H, specifying any proxies by 12.00 a.m.

(CET) Friday June 11, 2010. A proxy form is attached the calling notice

as Enclosure I.

The Board of Directors' report and the annual accounts, together with 

the auditor's report for 2009, are contained in the annual report that

has been sent to all shareholders. Opera Software's annual report for

2009 (English version) is also available at

www.opera.com/company/investors/finance (http://www.opera.com/company/in

vestors/finance).

William J. Raduchel

Chairman of the Board of Directors

Erik Harrell, CFO/COO

Tel: +47 2416 4053

Petter Lade, Investor Relations

Tel: +47 2369 3444