Photocure ASA

Remuneration Information • Jun 23, 2025

Photocure ASA - Share option grant

Photocure ASA - Share option grant

Oslo, Norway, 23 June 2025 - Photocure ASA (the "Company") (OSE: PHO) has

granted share options to employees.

A total of 451,000 share options, equal to approx. 1.83% of total shares issued

in the Company, were granted to employees at an exercise price at NOK 55.47. The

exercise price is equal to the weighted average share price 30 trading days

before the day of grant with an additional premium of 10% on top of the

calculated average price.

The options are granted in accordance with Photocure's long term incentive

program and the Company's guidelines for remuneration of senior executives (the

"Guidelines"), as approved by Photocure's annual general meeting held on 5 May

2025. The share option program and properties of the options are further

described in the Guidelines.

Of the total grant the following was granted to primary insiders:

·           Dan Schneider, President and Chief Executive Officer, 120,000

options.

·           Erik Dahl, Chief Financial Officer, 60,000 options.

·           Geoffrey Coy, Vice President and General Manager North America,

40,000 options.

·           Anders Neijber, Chief Medical Officer, Global Medical Affairs and

Clinical Development and R&D, 40,000 options.

·           Anja Gossens-von der Heidt, Head of Global Human Resources, 15,000

options.

·           Ryan Kitchen, Head of Corporate Strategy, 35,000 options

·           Jane Healy, Vice President and General Manager EMEA, 40,000 options

Issue of options to the members of the board of directors

Further, the Company has issued customary annual share options to the members of

the board of directors in accordance with the resolution made under section 5 of

the annual general meeting held 5 May 2025. Chairperson, Dylan Hallerberg, was

issued 21,113 share options, and the other members of the board, Neal Shore and

Ghizlane Tagmouti were issued 11,351 options each. The strike price was set at a

10% premium to the weighted average closing price in the 30 trading days

following the annual general meeting on 5 May 2025, which corresponds to a

strike price of NOK 55.64 per share.

Primary insider notifications pursuant to the market abuse regulation article 19

are attached.

For further information, please contact:

Erik Dahl

Chief Financial Officer

Tel: +47 450 55 000

Email: ed@photocure.com

About Photocure ASA

Photocure: The Bladder Cancer Company delivers transformative solutions to

improve the lives of bladder cancer patients. Our unique technology, making

cancer cells glow bright pink, has led to better health outcomes for patients

worldwide. Photocure is headquartered in Oslo, Norway, and listed on the Oslo

Stock Exchange (OSE: PHO). For more information, please visit us at

www.photocure.com or www.cysview.com

All trademarks mentioned in this release are protected by law and are registered

trademarks of Photocure ASA.

This information is subject to the disclosure requirements pursuant to the

market abuse regulation article 19 and 5-12 of the Norwegian Securities Trading

Act.