Opera Details Plans for Initial Public Offering

Oslo, Norway – 26 February 2004

Opera Software's Board of Directors yesterday decided to issue between 12.5-16.1 million new shares in relation to its announced Initial Public Offering (IPO) on the Oslo Stock Exchange (OSE). In addition, existing shareholders have decided to sell 11,844,900 existing shares in the transaction. The indicative price range is NOK 8.00 and NOK 10.00 per share.

The subscription period starts today, Feb. 26 and closes Wednesday, March 10. The share offer consists of one tranche for Norwegian and international institutional investors, and one tranche for Norwegian retail investors.

The first day of trading on the OSE is expected to be March 11. The Opera Software shares will be traded under the ticker symbol OPERA.

Norwegian retail investors can obtain the prospectus together with the subscription form by following the link on Opera Software's new Investor Relations page available on www.opera.com

Opera Software's advisors for the offering are:

Enskilda Securities ASA
Filipstad Brygge 1
P.O. Box 1363 Vika
N-0113 Oslo
Tel.: +47 21 00 85 00

ABG Sundal Collier ASA
Munkedamsvn. 45 D
P.O.Box 1444
N-0115 Oslo
Tel: + 47 22 01 60 00

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. 250 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.