Opera

Dividend policy

To achieve its aggressive long-term growth targets, it is Opera's policy to maintain a high equity ratio. In view of the Company's planned expansion and growth of its business, the Company does not expect to pay dividend over the next years. However, the company has a business model that allows for strong cash flow generation in the future. Consequently, Opera's needs for growth can be met while also maintaining a dividend distribution as long as the company is reaching targeted growth levels. Dividend payments will be subject to approval by the shareholders at the Company's annual General Meetings.

Opera has not paid dividend during the last three years, ref. minutes of the Annual General Meeting, 2008 (PDF), 2007 (PDF), 2006, 2005, 2004, 2003 and 2002.

Date of AGM	Dividend proposed by the board	Dividend decided by AGM	Ex. dividend date
20.06.2008	0	0	NA
21.06.2007	0	0	NA
30.05.2006	0	0	NA
15.06.2005	0	0	NA
17.06.2004	0	0	NA
17.06.2003	0	0	NA
13.06.2002	0	0	NA