Photocure ASA - Shares purchased by employees

Oslo, Norway, November 8, 2010.

Photocure has an incentive program that includes shares in the company. The board of directors makes annual allocations based on fulfillment of personal and company goals.  As part of the incentive program, 11 employees in Photocure have purchased 67,303 shares in the company today. The purchase price was NOK 32.00 (40,675 shares) and NOK 20.30 (26,628 shares) per share, the same as the market price at the time of allocation.

Of theses shares, members of the management team have bought the following amount:

·         Grete Hogstad, VP Marketing & sales, 8,750 shares of NOK 20.30. New total 16,250 shares.

·         Gry Stensrud, VP Technical Development & Operations, 7,146 shares of NOK 32.00. New total 7,146.

Furthermore, as part of the share buy back program, Photocure has on 5 November 2010 bought 300 shares in Photocure ASA with an average price of NOK 44.10 per share.

After these transactions, the company owns 483,581 shares in Photocure ASA.