Opera Seeking Public Listing In March: Reports Year-End and Fourth Quarter Financial Results

Oslo, Norway – 9 February 2004

Opera Software ASA today reported revenues of 28.8 MNOK, for the quarter ended December 31, 2003 compared to 13.8 MNOK, for the same period in 2002, a growth of 108.7%. Earnings before interest and tax ("EBIT") in fourth quarter was MNOK 6.5 compared to MNOK -6.7 in 2002. Accumulated revenues for the year 2003 were MNOK 78.5 compared to MNOK 51.1 in 2002, a growth of 53.8%. EBIT for 2003 ended at MNOK 1.3 compared to MNOK -21.4 for 2002.

"After developing and refining the technology and commercial side for nine years, Opera Software is now ready for public listing," says Jon S. von Tetzchner, CEO, Opera Software ASA. "Opera has come far, and a public listing will give us more flexibility to expand our position as a leading player in the Internet arena."

The company's Board of Directors has decided to apply for public listing on the Oslo Stock Exchange (OSE) in March 2004. Opera Software's joint lead managers for its initial public offering (IPO) are Enskilda Securities and ABG Sundal Collier.

	Fourth Quarter		Accumulated
(Figures in TNOK)	2002	2003	2002	2003
Total Operating Revenues	13800	28802	51060	78531
Payroll and Related Expenses	13488	14902	47016	51315
Depreciation and Amortization	1940	682	3118	2724
Other Operating Expenses	5147	6756	22307	23227
Total Operating Expenses	20575	22340	72441	77266
Earnings Before Interest and Tax ("EBIT")	-6775	6462	-21380	1265

About Opera Software ASA

The worldwide World Wide Web — any device, any platform, any bandwidth, absolutely anywhere in the world. Opera Software was founded in 1994, based on the idea that access to the Web should be a universal right. 220 million people (and counting) use the Opera web browsers for computers, mobile phones, TVs and other connected devices. Opera also delivers tools, distribution, engagement, monetization and market insights to developers, publishers and brands around the world. We are passionate about breaking down barriers, so everyone can share in the power of the Internet. Our vision of one Web for all remains at the heart of what we do, because we believe that participation changes everything. Opera Software ASA is listed on the Oslo Stock Exchange under the ticker symbol OPERA. Learn more about Opera at www.opera.com.