Opera Announces Financial Results Q2 2004

Oslo, Norway - August 12, 2004

Opera Software ASA today announced financial results for its second quarter ended June 30, 2004. For the quarter, the Company earned revenues of MNOK 110.8, including extraordinary income of MNOK 87.6 received in a legal settlement. Accumulated income for the year was MNOK 132.5, up from MNOK 31.7 in 2003.

Ordinary income in 2004 was MNOK 23.2, up from MNOK 19.2 in 2Q03, an increase of 20.5%. Accumulated ordinary income for the year 2004 were MNOK 44.9 compared to MNOK 31.7 in 2003, a growth of 41.8%. Earnings before interest and tax ("EBIT") for the quarter ended at MNOK 90, compared to a loss of MNOK 2.4 during the same period last year.

Income from Internet devices grew from MNOK 15.3 in 2Q03 to MNOK 16 in 2Q04. Income from Desktop grew from MNOK 4.0 in 2Q03 to MNOK 7.2 in 2Q04. Operating costs increased from MNOK 17.1 in 2Q03 to MNOK 20.8 in 2Q04.

Cash flow from operating activities was MNOK 99.1 and cash and cash equivalents of MNOK 235.0 at the end of the quarter.

"We expect the revenue growth to continue in following with increased customer and market activity," says Jon S. von Tetzchner, CEO, Opera Software ASA.

The full quarterly report and today's presentation to investors can be found at www.opera.com/company/investors/

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.