Otello Corporation ASA

Share Issue/Capital Change • Mar 9, 2015

Increase of share capital in Opera Software ASA

Increase of share capital in Opera Software ASA

The board of directors ("Board") of Opera Software ASA ("Opera" or the

"Company") has resolved to increase the Company's share capital by NOK 48,689.44

by issuance of 2,434,472 new shares, each having a par value of NOK 0.02. The

shares are resolved issued in order to fulfill Opera's obligations to pay earn

-out pursuant to the merger agreement dated June 24, 2014 relating to Opera's

acquisition of AdColony (the "Merger Agreement").

The shares are offered subscribed by certain of the sellers under the Merger

Agreement. Consequently, the Board has resolved that existing shareholders'

preferential rights to subscribe the new shares are set aside. The subscription

price is set in accordance with the terms of the Merger Agreement and is fixed

at NOK 95.14219099665143 per share, representing a total subscription amount of

NOK 231,621,000. The subscription amount will be paid by way of set-off against

Opera's obligation to pay earn-out pursuant to the Merger Agreement.

The share issue is resolved in accordance with the Board's authorization granted

by the Annual General Meeting held June 3, 2014.

Petter Lade, Investor Relations

Tel: +47 2369 2400

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.