Photocure ASA

Share Issue/Capital Change • Nov 30, 2016

Photocure ASA: Share capital increase registered

Photocure ASA: Share capital increase registered

Reference is made to the announcement on 24 November 2016 in respect of a

capital increase of 12 481 new shares following exercise of employee share

options in the company.

The share capital increase has been duly registered in the Norwegian Register of

Business Enterprises. Following the share capital increase, Photocure's

registered share capital is NOK 10,778,955.00 divided on 21,557,910 shares each

having a par value of NOK 0.50. Each share representing one vote at the

company's general meeting.

For further information, please contact:

Photocure

CFO Erik Dahl

Tel: +47 450 55 000

E-mail: ed@photocure.no

www.photocure.com

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.