Opera Software Announces Stock Repurchase Program

Oslo, Norway November 16, 2009. Opera Software ASA announced today that
its Board of Directors has decided to continue its buy-back program of
up to 6,000,000 shares. The program was previously announced on March 3,
2008 and October 17, 2008.

The buy-back program is being carried out in accordance with the
authorization to the Board of Directors, as resolved at the General
Assembly meeting held on 24 June 2009.

Opera will begin buying its shares after the exercise of employee and
Board stock options which are eligible for exercise. Under the program,
Opera can continue buying shares until the General Assembly meeting in
June 2010.

Under the buyback program, Opera had purchased 3,000,000 as of November
16, 2009, and Opera currently owns 514 246 shares. Opera has
approximately 119.6 million shares outstanding.

Petter Lade, Investor Relations 
Tel: +47 2369 3444

Opera Software ASA has redefined Web browsing for PCs, mobile phones and
other networked devices. Opera's cross-platform Web browser technology
is renowned for its performance, standards compliance and small size,
while giving users a faster, safer and more dynamic online experience.
Opera Software is headquartered in Oslo, Norway, with offices around the
world. The company is listed on the Oslo Stock Exchange under the ticker
symbol OPERA. Learn more about Opera at http://www.opera.com.