Photocure ASA - Allotted Share Options

Oslo, Norway, September 10, 2010.

The Board of Directors has allotted 50,000 share options to Photocure Inc's President and CEO, Terry Conrad. Strike price for the options is NOK 38.00 per share, corresponding to the market price on September 6, 2010.

After this allotment, Photocure has total of 991,893 employee options outstanding as of September 9, 2010.

For further information, contact:                                                  
Christian Fekete (CFO)
Email: cf@photocure.no
Telephone: +47 22 06 22 10
Mobile: +47 916 42 938