Otello Corporation ASA

Remuneration Information • Mar 21, 2014

Grant of options

Grant of options

The Board of Directors has granted the following primary insiders

options on March 20, 2014:

Krystian Kolondra,SVP Products and employee Boardmember, 50,000 options

of which 50% become exercisable after 3 years and 50% become exercisable

after 4 years, each with a strike price equal to the market price on

March 20. (NOK 76.25). After this, the employee holds 180,000 options in

Opera Software.

Karin Greve-Isdahl Flaa, VP Communications, 15,000 options of which 50%

become exercisable after 3 years and 50% become exercisable after 4

years, each with a strike price equal to the market price on March 20.

(NOK 76.25). After this, the employee holds 15,000 options in Opera

Software.

Karl Henning Kalvø, VP Deliveries and deputy employee Boardmember,

15,000 options of which 50% become exercisable after 3 years and 50%

become exercisable after 4 years, each with a strike price equal to the

market price on March 20. (NOK 76.25). After this, the employee holds

50,000 options in Opera Software.

Christian Uribe, Director, Mobile and employee Boardmember, 20,000

options of which 50% become exercisable after 3 years and 50% become

exercisable after 4 years, each

with a strike price equal to the market price on March 20. (NOK

76.25). After this, the employee holds 25,000 options in Opera Software.

Baard Farmen Andresen, VP Accounting & International Operations, 20,000

options of which 50% become exercisable after 3 years and 50% become

exercisable after 4 years, each with a strike price equal to the market

price on March 20. (NOK 76.25). After this, the employee holds 92,500

options and 1,985 shares in Opera Software.

Roar Olbergsveen, Senior Director, Internal Audit and Compliance, 20,000

options of which 50% become exercisable after 3 years and 50% become

exercisable after 4 years, each with a strike price equal to the market

price on March 20. (NOK 76.25). After this, the employee holds 87,500

options in Opera Software.

Joakim Kasbohm, Senior Director, FP&A, 20,000 options of which 50%

become exercisable after 3 years and 50% become exercisable after 4

years, each

with a strike price equal to the market price on March 20. (NOK

76.25). After this, the employee holds 87,500 options and 2,777 shares

in Opera Software.

Jason A. Hoida, Legal Counsel, 50,000 options of which 50%

become exercisable after 3 years and 50% become exercisable after 4

years, each

with a strike price equal to the market price on March 20. (NOK

76.25). After this, the employee holds 202,500 options in Opera

Software.

Petter Lade, Investor Relations

Tel: +47 2369 2400 (http://tel:%2B47%202369%202400)

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