Telenor and Opera to Co-Operate on Mobile Internet Growth Worldwide

Telenor and Opera to co-operate on mobile Internet growth worldwide

The Telenor Group and Opera Software announced a non-exclusive Global Framework Agreement aiming to stimulate rapid growth of mobile Internet services across Telenor's business units. Telenor's business units can co-brand, distribute and run the Opera Mini mobile browser across its mobile handset and subscriber portfolios. As a result, Telenor's customers in all geographies will be able to enjoy a fast, affordable and user-friendly mobile web experience on their favourite handset.

Under the agreement, Opera Software and any of Telenor Group's business units may develop a co- branded version of Opera Mini that is adapted to the local operator. Opera Mini is the world's most popular mobile phone browser with 60 million monthly users. As part of the Global Frame Agreement, Opera and Telenor will also work to further innovate and expand the scope of the mobile web.

Morten Karlsen Sørby

"Telenor has a vision to provide mobile Internet with a great user experience to everyone. We are confident that this agreement will help us provide Internet to a larger user group across the world. " said Morten Karlsen Sørby, EVP and Head of Corporate Development, Telenor Group," We are thrilled to work closely with Opera, a company that spun out of Telenor in the late 1990s, and have grown to "Our goal is simple: help Telenor grow its user base and revenues by delivering an unparalleled Internet experience to every local operator in the Telenor network. Telenor's strong global position is a result of their relentless commitment to the customer, in markets as diverse as Sweden, Russia, Bangladesh and Hungary," said Lars Boilesen, CEO in Opera. "We are proud of our heritage from Telenor's research labs. Today, we join efforts to give more people the opportunity to fully enjoy the web on their mobile phones." The first deployment of Opera Mini in the Telenor network is scheduled for September. About Telenor Telenor Group is an internationalbecome one of provider Norway's of mosttele, datasuccessful and media technology communication exports." services. Telenor Group has mobile operations in 11 markets in the Nordic region, Central and Eastern Europe and in Asia, as well as a stake of close to 40 per cent in VimpelCom Ltd., operating in 10 markets. Headquartered in Norway, Telenor Group is one of the world's major mobile operators with 184 million mobile subscriptions (per Q2 2010), revenues in 2009 of NOK 98 billion, and a workforce of approximately 40,000 employees. For more information about Telenor Group, please visit www.telenor.com About Opera Software 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/.

Contact

Ingunn Anstensrud, Communication Manager, Telenor Group Tel: +47 95203575, E-mail:

Telenor Group is one of the world's major mobile operators. We keep our customers connected in our markets across Scandinavia and Asia. Our more than 30,000 employees are committed to responsible business conduct and being our customers' favourite partner in digital life. Connecting the world has been Telenor's domain for more than 160 years, and we are driven by a singular vision: to empower societies. [email protected] Tor Odland, VP, Communications Opera Software Tel: +47 23693242 Email: [email protected]