Photocure ASA

Major Shareholding Notification • Feb 8, 2022

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Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the competent authority)ⁱ 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: Photocure ASA 2. Reason for the notification (please tick the appropriate box or boxes): [x] An acquisition or disposal of voting rights [ ] An acquisition or disposal of financial instruments [ ] An event changing the breakdown of voting rights [ ] Other (please specify) iii: 3. Details of person subject to the notification obligationiv : Name: Skandinaviska Enskilda Banken AB (publ) City and country of registered office (if applicable): Stockholm, Sweden 4. Full name of shareholder(s) (if different from 3.)^v : 5. Date on which the threshold was crossed or reachedvi: 2022-02-07 6. Total positions of person(s) subject to the notification obligation: % of voting rights attached to shares (total of 7.A) % of voting rights through financial instruments (total of 7.B.1 + 7.B.2) Total of both in % (7.A + 7.B) Total number of voting rights of issuer vii Resulting situation on the date on which threshold was crossed or reached 4.56 % 0 % 4.56 % 26 973 820 Position of previous notification (if appli-5.20 % 0 % 5.20 %

7. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii:

A: Voting rights attached to shares

Class/type of shares	Number of voting rights ix		% of voting rights
ISIN code (if possi ble)	Direct (Art 9 of Directive 2004/109/EC)	Indirect (Art 10 of Directive 2004/109/EC)	Direct (Art 9 of Directive 2004/109/EC)	Indirect (Art 10 of Directive 2004/109/EC)
NO0010000045	0	1 228 836	0 %	4.56 %
SUBTOTAL A	1 228 836		4.56 %

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC
Type of financial in strument	Expiration date x	Exercise/ Conversion Periodxi	Number of voting rights that may be acquired if the instrument is exer cised/ converted.	% of voting rights
		SUBTOTAL B.1

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC
Type of financial instrument	Expiration date x	Exercise/ Conversion Pe riod x i	Physical or cash settlement xii	Number of voting rights	% of voting rights
			SUBTOTAL B.2

8. Information in relation to the person subject to the notification obligation (please tick the applicable box):

[ ] Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.xiii

[X] Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv:

Namexv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial in struments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
Skandinaviska Enskilda Banken AB (publ)	0 %	0 %	0 %
SEB Life International Assurance Company Ltd	4.56 %	0 %	4.56 %

9. In case of proxy voting: [name of the proxy holder] will cease to hold [% and number] voting rights as of [date]

10. Additional informationxvi:

Done at Latvia, Riga on 2022-02-08

Inga Brutane

Annex: Notification of major holdings (only to be filed with competent authority and not with the relevant issuer)

A: Identity of the person subject to the notification obligation
Full name (including legal form for legal entities)	Skandinaviska Enskilda Banken AB (publ)
Contact address (registered office for legal entities)	Kungsträdgårdsgatan 8, 106 40 STOCKHOLM, Sweden
E-Mail	GroupComplianceControlRoom@seb.se
Phone number / Fax number	+46 8 522 296 10
Other useful information (at least legal a contact person for legal persons)

B: Identity of the notifier, if applicable
Full name
Contact address
E-Mail
Phone number / Fax number
Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obliga tion)

C: Additional information: