Otello Corporation ASA

Remuneration Information • Jan 5, 2015

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 2nd 2015

exercised a total number of 250 006 options. Following the exercise, 250 006

shares will be transferred from the Company's holding of own shares. Subsequent

to the transaction Opera Software ASA holds 1 289 069 own shares.

2. Options exercised by primary insiders January 2nd 2015:

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

751 shares at the strike price of NOK 28.16.

3. Transfer of rights

On January 2nd 2015, the primary insider mentioned below transferred the 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 97.9788 per right.

Mahi de Silva has transferred 43 751 rights.

4. New Holding

After exercising options, Mahi de Silva holds holds 115 000 RSUs and 20

000 shares in Opera Software.

Petter Lade, Investor Relations

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

About Opera Software ASA

Opera 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 800

million.