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Q206 presentation -- FINAL - Opera

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Financial outlook: FY 2006<br />

<strong>Opera</strong> - Simply The Best Internet Experience<br />

Revenue: Well-positioned for long-term growth, but cautious outlook for the remainder of<br />

2006<br />

� Desktop<br />

� Expect a positive increase in revenue beginning in 4Q06 due to increased<br />

monetization of search traffic generated via our users<br />

� Devices<br />

� Continued positive developments, as more and more consumer electronics<br />

companies put browsers on their devices<br />

� Mobile<br />

� Cautious outlook in the short-term because of uncertainty regarding Nokia<br />

volumes. Expect Motorola volumes to ramp up, with timing unclear<br />

<strong>Opera</strong>ting Expenses (excluding stock option costs): Expected to grow at a comparable<br />

rate to 2005 vs. 2004<br />

� Continued investment in our business lines, in particular around <strong>Opera</strong> Mini<br />

� Continued investment in sales & marketing, new foreign offices (Japan and USA, in<br />

particular), and engineering and customer delivery

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