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Kudelski Extends OpenTV Offer

CHESEAUX, Switzerland -- The Kudelski Group (SIX: KUD.VX) today announced that it has extended the expiration date of its tender offer to acquire all outstanding Class A shares of OpenTV Corp. (NASDAQ: OPTV) not already owned by Kudelski or its subsidiaries for US$1.55 per share in cash. The tender offer, which commenced on October 5, 2009, and related withdrawal rights are now scheduled to expire at 11:00 pm New York City time on Thursday, November 12, 2009. The tender offer was previously scheduled to expire on November 6, 2009.

Kudelski decided to extend the expiration date to provide OpenTV shareholders ample time to consider all the relevant information disseminated since the commencement of the offer, including OpenTV’s third quarter results being announced today. OpenTV shareholders who have not previously tendered shares and wish to must validly tender their shares on or prior to the expiration date. Shareholders who have previously tendered shares do not need to re-tender or take any other action in response to this extension. Except for the extension of the tender offer expiration date, all other terms and conditions of the offer remain unchanged. OpenTV shareholders are encouraged to review all the materials regarding the tender offer that are available at www.opentvvalue.com.

Kudelski Group

OpenTV Corp. (Nasdaq: OPTV)
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