Photocure ASA

Exercise of employee share options in company Photocure ASA.

1. Participants in the Company's share option programs have on November 8th 2013 exercised a total number of 63 570 options at a strike price of NOK 30. Company used treasury shares to deliver shares in the exercise.
Subsequent to the transaction Photocure ASA holds 72 976 own shares.
2. Options exercised by primary insiders 8th of November:
Kjetil Hestdal has exercised 21 500 options in Photocure, corresponding to 21 500 shares at the strike price of NOK 30.
Grete Hogstad has exercised 7 200 options in Photocure, corresponding to 7 200 shares at the strike price of NOK 30.
Inger Ferner Heglund has exercised 16 400 options in Photocure, corresponding to
16 400 shares at the strike price of NOK 30.
3. Transfer of rights
On 8th of November, the primary insiders mentioned below transferred their rights to receive shares resulting from the exercise of options to a third party. The sales amount will be finally determined on the basis of the price subsequently obtained by the third party when selling the shares in the market. Still, primary insiders cannot be held liable for losses incurred by the third party if the shares are later sold below the strike price. Final compensation for the transferred rights will be reported to Oslo Børs when known.
Kjetil Hestdal has transferred 18 000 rights. Grete Hogstad has transferred 7 200 rights.
Inger Ferner Heglund has transferred 16 400 rights.
4. New holding
After exercising options, Kjetil Hestdal holds 37 500 unexercised options in the Company, corresponding to 37 500 shares at the strike price of NOK 18.30, 50 000 unexercised options in the Company, corresponding to 50 000 shares at the strike price of 42, 30 000 unexercised options in the Company, corresponding to 30 000 shares at the strike price
of 48.75 and 21 000 unexercised options in the Company, corresponding to 21 000 shares at the strike price of strike 38.50.
After completion of the abovementioned transactions, Kjetil Hestdal holds 66 373 shares in the Company.
After exercising options, Grete Hogstad 8 750 unexercised options in the Company, corresponding to 8 750 shares at the strike price of NOK 18.30, 23 400 unexercised options in the Company, corresponding to 23 400 shares at the strike price of NOK 42,
17 250 unexercised options in the Company, corresponding to 17 250 shares at the
strike price of NOK 48.75 and 19 800 unexercised options in the Company, corresponding to 19 800 shares at the strike price of NOK 38.50.
After completion of the abovementioned transactions, Grete Hogstad holds 10 500 shares in the Company
After exercising options, Inger Ferner Heglund holds 26 250 unexercised options in the Company, corresponding to 26 250 shares at the strike price of NOK 18.30, 22 650 unexercised options in the Company, corresponding to 22 650 shares at the strike price of NOK 42, 19 500 unexercised options in the Company, corresponding to 19 500 shares at the strike price of NOK 48.75 and 20 280 unexercised options in the Company, corresponding to 20 280 shares at the strike price of NOK 38.50.
After completion of the abovementioned transactions, Inger Ferner Heglund holds 8 200 shares in the Company

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