Opera press releases

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

Opera Software ASA has redefined Web browsing for PCs, mobile phones and other networked devices. Opera's cross-platform Web browser technology is renowned for its performance, standards compliance and small size, while giving users a faster, safer and more dynamic online experience. Opera Software is headquartered in Oslo, Norway, with offices around the world. The company is listed on the Oslo Stock Exchange under the ticker symbol OPERA. Learn more about Opera at http://www.opera.com.