Opera Seeking Public Listing In March: Reports Year-End and Fourth Quarter Financial Results

Oslo, Norway – 9 February 2004

Opera Software ASA today reported revenues of 28.8 MNOK, for the quarter ended December 31, 2003 compared to 13.8 MNOK, for the same period in 2002, a growth of 108.7%. Earnings before interest and tax (“EBIT”) in fourth quarter was MNOK 6.5 compared to MNOK -6.7 in 2002. Accumulated revenues for the year 2003 were MNOK 78.5 compared to MNOK 51.1 in 2002, a growth of 53.8%. EBIT for 2003 ended at MNOK 1.3 compared to MNOK -21.4 for 2002.

“After developing and refining the technology and commercial side for nine years, Opera Software is now ready for public listing,” says Jon S. von Tetzchner, CEO, Opera Software ASA. “Opera has come far, and a public listing will give us more flexibility to expand our position as a leading player in the Internet arena.”

The company’s Board of Directors has decided to apply for public listing on the Oslo Stock Exchange (OSE) in March 2004. Opera Software’s joint lead managers for its initial public offering (IPO) are Enskilda Securities and ABG Sundal Collier.