Disclosure of shareholding

As of the close of business 13 January 2010,
OppenheimerFunds, Inc. ("OFI") had voting and/or
dispositive power with respect to an aggregate of
17,922,000 shares of Opera Software ASA's Common
Stock on behalf of various OFI Clients.
Our records indicate that OFI currently holds
14.99% of the outstanding shares of Opera Software
ASA on behalf of OFI Clients. The above percentage
was calculated based on our understanding that
Opera Software ASA has 119,574,782 shares of Common
Stock outstanding. The percentage decrease below the
15% reporting threshold occurred through a sale of
78,000 shares of common stock of the issuer on 13
January 2010.

OFI is a member of the MassMutual Financial Group.
However, OFI maintains adequate and effective
information barriers between itself and the other
corporate and asset management companies within the
MassMutual Financial Group.