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Opera Details Plans for Initial Public Offering

February 26, 2004

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

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

Since its founding in 1996, Opera has been a pioneer in shaping the future of the internet. Providing faster and more innovative web browsers, Opera is the everyday browser of choice for more than 320 million people.

Opera Software AS is a privately held company and is headquartered in Oslo, Norway. Follow our news at

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