Notice of Annual General Meeting

Oslo, 22 March 2011

The shareholders in PCI Biotech Holding ASA are invited to attend the Annual
General Meeting to be held Wednesday 13 April 2011 at 10.00am at the company's
premises in Strandveien 55, 1366 Lysaker, Norway.

Please find attached (in Norwegian only) a Notice of Annual General Meeting, the
attendance form, proxy, the Annual Report and the recommendation from the
Nomination Committee.

The Notice of the Annual General Meeting, attendance form and proxy will be sent
by mail to all shareholders.

The attachments will be made available on the company's
webpagewww.pcibiotech.com

For further information, please contact:

Bernt-Olav Røttingsnes, CFO
E-mail: bor@pcibiotech.no
Office: +47 67 11 54 00
Mobile: +47 91 34 70 21


This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.


[HUG#1498878]