Photocure ASA

Share Issue/Capital Change • Dec 3, 2020

Photocure ASA: Share capital increase registered

Oslo, Norway, 3 December 2020: Reference is made to the stock exchange release by Photocure ASA ("Photocure" or the "Company") published on 1 December 2020 regarding a share capital increase following the exercise of share options.

The issuance of 90,150 new shares has been registered with the Norwegian Register of Business Enterprises. Following registration, the share capital of Photocure is NOK 13,358,768 divided into 26,358,536 shares, each with a par value of NOK 0.50. Each share represents one vote in the Company's general meeting.

For further information, please contact:

Photocure CFO Erik Dahl 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, which makes 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, www.hexvix.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 sections 5-12 of the Norwegian Securities Trading Act.