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Dato/tid 06.11.2017 15:48
Utsteder Otello Corporation ASA
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Tittel Opera divests SurfEasy business
Oslo, 6 November 2017

Opera Software ASA ("Opera" or the "Company") entered 6 November 2017 into an
agreement to sell its SurfEasy business to Symantec Corporation (NASDAQ: SYMC)
("Symantec"), the world's leading cyber security company (the "Transaction").

Closing of the Transaction took place simultaneously with the entering into of
the agreement and all conditions for completion have therefore been fulfilled.

SurfEasy, one of Opera's four subsidiaries, is an online privacy and security
company providing easy-to-use desktop and mobile VPN solutions to help consumers
protect their online privacy and security.

Lars Boilesen, CEO of Opera, said, "We are pleased with the growth and success
that SurfEasy has made during our ownership period. We believe Symantec is the
right buyer for this business, as they have been a key customer and are very
familiar with the business and organization. We are very pleased with the
divestment of SurfEasy, and believe it emphasizes our strategy of developing our
subsidiaries and creating shareholder value."

Transaction and financial highlights:

  · The Transaction values SurfEasy to an enterprise value of USD 38.5m
  · The Transaction has customary net working capital and net debt adjustment
  · Purchase price consists of an all cash consideration, of which 85% is paid
to Opera at closing. The remaining 15% will be held in escrow for up to 15
  · SurfEasy will be excluded from Opera's financials as of 6 November 2017

Carnegie acted as financial advisor to Opera in relation to the Transaction.
Hogan Lovells acted as legal advisor to Opera in relation to the Transaction.

For further information, please contact:
Petter Lade, CFO
Tel: +47 911 43 878

About Opera:
Opera holds shares in several different businesses, including AdColony which
helps publishers monetize their content through advertising and advertisers
reach the audiences that build value for their businesses, capitalizing on a
global consumer audience reach that exceeds 2 billion; Opera Apps and
Games(Bemobi); "Performance & Privacy" (Skyfire and Surfeasy); and Opera TV.

About Symantec:
Symantec Corporation (NASDAQ: SYMC), the world's leading cyber security company,
helps organizations, governments and people secure their most important data
wherever it lives. Organizations across the world look to Symantec for
strategic, integrated solutions to defend against sophisticated attacks across
endpoints, cloud and infrastructure. Likewise, a global community of more than
50 million people and families rely on Symantec's Norton and LifeLock product
suites to protect their digital lives at home and across their devices. Symantec
operates one of the world's largest civilian cyber intelligence networks,
allowing it to see and protect against the most advanced threats.

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