Otello Corporation ASA

Remuneration Information • Jan 6, 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 January

3rd 2014 exercised a total number of 250 006 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 5 000,12

by issuing 250 006 new shares, of par value NOK 0,02. Following the

increase the Company`s share capital is NOK 2 650 764,76 divided

into 132 538 238 shares.

2. Options exercised by primary insider January 3rd 2014:

Mahi da Silva has exercised 43 751 options in the Company, corresponding

to 43 751 shares at the strike price of NOK 28.40.

3. Transfer of rights

On January 3rd 2014, the primary insider mentioned below

transferred their rights to receive shares resulting from the exercise

of options to

a third party. The sales amount will be finally determined on the

basis of the price subsequently obtained by the third party when selling

the

shares in the market. Still, primary insiders cannot be held liable

for losses incurred by the third party if the shares are later sold

below

the strike price. Final compensation for the transferred rights will

be reported to Oslo Børs when known.

Mahi da Silva has transferred 43 751 rights

4. New holding

After exercising options, Mahi da Silva holds 43 751 unexercised options

in the Company, corresponding to 43 751 shares at the strike price of

NOK 28.40.

Petter Lade, Investor Relations

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

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.