Otello Corporation ASA

Remuneration Information • Mar 12, 2014

Exercise of employee share options in Opera Software ASA

Exercise of employee share options in Opera Software ASA

1. Participants in the Company's share option program have on March 11th

2014 exercised a total number of 47 850 options.

Following the share option exercise, the Board of Directors, pursuant to

authorization granted by the company`s Annual General Meeting, has

resolved to increase the Company`s share capital by NOK 957 by issuing

47 850 new shares, of par value NOK 0.02. Following the increase the

Company`s share capital is NOK 2,651,721.76 divided into 132 586 088

shares.

2. Options exercised by primary insiders March 11th 2014:

Jason A. Hoida has exercised 25 000 options in the Company,

corresponding to 25 000 shares at the strike price of NOK 27.40.

Thomas Bullen has exercised 8 000 options in the Company, corresponding

to 8 000 shares at the strike price of NOK 27.14.

Joakim Kasbohm has exercised 7 500 options in the Company, corresponding

to 7 500 shares at the strike price of NOK 21.20.

3. Transfer of rights

On March 11th 2014, the primary insiders mentioned below transferred

their rights to receive shares resulting from the exercise of options to

a third party. The payment was determined based on a selling price of

NOK 78.90 per right.

Jason A. Hoida has transferred 25 000 rights

Thomas Bullen has transferred 8 000 rights

Joakim Kasbohm has transferred 7 500 rights

4. New holding

After exercising options, Jason Hoida holds 17 500 unexercised options

in the Company, corresponding to 17 500 shares at the strike price of

NOK 21.20, 25 000 unexercised options in the Company, corresponding to

25 000 shares at the strike price of NOK 27.40, 60 000 unexercised

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

price of NOK 27.08 and 50 000 unexercised options in the Company,

corresponding to 50 000 shares at the strike price of NOK 37.58.

After exercising options, Thomas Bullen holds 0 unexercised options in

the Company.

After exercising options, Joakim Kasbohm holds 7 500 unexercised options

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

21.20, 40 000 unexercised options in the Company corresponding to 40 000

shares at the strike price of NOK 27.08, 20 000 unexercised options in

the Company corresponding to 20 000 shares at the strike price of 34.78.

As of today the primary insider holds 2 777 shares in the Company.

Petter Lade, Investor Relations

Tel: +47 2369 2400

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 delivers 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.