Opera Software Completes IPO, Ready for Listing.

Oslo, Norway - March 10, 2004

Opera Software ASA has successfully completed an issue of shares in connection with the company's listing on the Oslo Stock Exchange (OSE). The company will be listed on OSE starting Thursday, March 11 with the ticker symbol OPERA.

Opera sought to issue between 10 and 12,5 million shares in the IPO, and indicated a price range between NOK 8 to NOK 10 per share. The price per share has now been set at NOK 10. 560 million shares were subscribed for at this price, implying that the IPO was oversubscribed by a factor of more than 20. Around 83 percent of the subscriptions are from international institutional investors.

In connection with the IPO there has also been a secondary sale from existing stock holders of 11,844,900 shares. Totally the transaction constituted MNOK 243.

"We are pleased with the interest from investors, especially from abroad," says Christian Thommessen, Chairman of the Board, Opera Software ASA. "The interest in our IPO and listing is an endorsement from the marketplace that Opera's technology is playing a significant role in the evolution of the Internet."

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.