Opera Software Completes IPO

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
Opera Software ASA is an industry leader in the development of
Web browser technology, targeting the desktop, smartphone, PDA,
iTV and vertical markets. Partners include companies such as IBM,
Nokia, Sony, Motorola, Macromedia, Adobe, Symbian,
Canal+ Technologies, Sony Ericsson, Kyocera, Sharp,
Motorola Metroworks, MontaVista Software, BenQ, Sendo and AMD.
The Opera browser has received international recognition from
users, industry experts and media for being faster, smaller
and more standards-compliant than other browsers. 

Opera's browser technology is cross-platform and modular, and
currently available on the following operating systems: Windows,
Linux, Mac OS, Symbian OS, QNX, TRON, FreeBSD, Solaris and
Mediahighway.

Opera Software ASA is headquartered in Oslo, Norway, with
development centers in Linkoping and Gothenburg, Sweden, and
a sales representative in Austin, TX. The company will be listed
on the Oslo Stock Exchange starting March 11 under the ticker symbol
OPERA. Learn more about Opera at www.opera.com.

Contact:
Pal A. Hvistendahl
Marcom Director
press04@opera.com
Tel: +47 99 72 43 31
US toll free: 1-866-841-4610