Oslo and Beijing, 25th 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").
The offer period for the Offer expired at 16:30 (CET)
on 24th May 2016. The preliminary result, which is
subject to confirmation and may be adjusted, is that
the Offeror has received acceptances of the Offer for
in total 132,911,316 shares in the Company
representing approximately 90.6% of the outstanding
share capital and 90.9% of the votes in the Company.
The final result will be published as soon as it is
available.
The preliminary result of the Offer indicates that the
minimum acceptance condition set out in section 4.3
(a) of the Offer Document has been met.
Except for the approximately 132,911,316 shares in the
Company tendered in acceptance of the Offer, the
Offeror and its related parties do not hold any shares
or rights to shares in the Company.
The remaining conditions for completion of the Offer
are set out in section 4.3. (Conditions for completion
of the Offer) of the Offer Document. As set forth
therein, the Offeror will issue a notification through
the Oslo Stock Exchange as soon as each of the
remaining conditions for completion of the Offer has
been met, waived or failed to be met.