Photocure ASA - Share option grant

22 Sep 2025 08:23 CEST

Oslo, Norway, 22 September 2025 - Photocure ASA (the "Company") (OSE: PHO) has
granted share options to employees.

A total of 348,000 share options, equal to approx. 1.28% of total shares issued
in the Company, were granted to employees at an exercise price at NOK 67.39. 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, 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, 60,000
options.

·           Erik Dahl, Chief Financial Officer, 35,000 options.

·           Geoffrey Coy, Vice President and General Manager North America,
35,000 options.

·           Anja Gossens-von der Heidt, Head of Global Human Resources, 11,250
options.

In connection with the grant, Photocure cancels 30,000 outstanding options that
expire in the near term. The cancelled options are replaced with options that
are subject to a reset three-year vesting period, fully resetting the vesting
period.

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.

More information:
Access the news on Oslo Bors NewsWeb site

655850_20250922_PHO_Primary_insider_notification.pdf
655850_Release.pdf