Oslo and Beijing, 24th May 2016 - Reference is made to
the stock exchange announcement made on 10th February
2016 on the agreement reached between Opera Software
ASA ("Opera" or the "Company") and Golden Brick Silk
Road (Shenzhen) Equity Investment Fund II LLP ("Golden
Brick"), the general partner of which is Golden Brick
Silk Road Fund Management (Shenzhen) LLP and the
limited partners of which are Beijing Kunlun Tech Co.
Ltd., Qihoo 360 Software (Beijing) Co. Ltd., and
Yonglian (Yinchuan) Investment Co., Ltd. (collectively
the "Consortium"), regarding a recommended voluntary
cash offer for 100% of the shares of Opera at an offer
price of NOK 71 per share (the "Offer"). Reference is
further made to the announcement made on 15th March
2016 in which it was announced that Golden Brick,
through its indirectly wholly owned subsidiary Kunqi
(the "Offeror"), had launched the Offer pursuant to an
offer document dated 14th March 2016 (the "Offer
Document").
As of the morning on 24th May 2016, the Offeror has
received acceptances of the Offer from shareholders
representing 81.1% of the shares in the Company. This
includes the shares comprised by pre-acceptances.
Further, the Offeror has been informed by beneficial
shareholders and holders of economic interests in
shares in the Company that shares representing 2.9% of
the shares in the Company will be tendered before the
expiry of the Offer Period. Such acceptances have not
yet been received.
As of the morning on 24th May 2016, the Offeror has
therefore received acceptances and information that
shares will be tendered for shares representing in
total 84.0% of the shares in the Company.
The Offer Period will expire today at 16.30 (CET).
As announced by the Offeror on 19th May 2016, unless
the Offeror has received acceptances of the Offer from
shareholders representing more than 90% of the shares
in the Company by the end of the Offer Period, the
Offer will lapse.