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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

Opera enables more than 350 million internet consumers worldwide to connect with the content and services that matter most to them. Opera also helps publishers monetize their content through advertising and advertisers reach the audiences that build value for their businesses, capitalizing on a global consumer audience reach that exceeds 1 billion.

Opera is a trademark of Opera Software AS.