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.
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