PCI Biotech: Board of Directors update

Prof. Kjetil Taskén, MD, PhD has notified PCI Biotech Holding ASA's Nomination
Committee and Board of Directors that he is not able to be a candidate for re-
election as Director of PCI Biotech Holding ASA's Board of Directors at the next
ordinary general meeting, in May 2018. Prof. Taskén has recently been appointed
Head of Institute for Cancer Research at Oslo University Hospital and is
therefore not able to continue as a Director of PCI Biotech Holding ASA's Board
of Directors. Prof. Taskén has served as a Director since October 2008.

"Professor Taskén's deep knowledge about immunology and cancer has been of
immeasurable value to PCI Biotech.  We thank Kjetil for his many years of
service on the Board of Directors and congratulate him on his new position",
said Hans Peter Bøhn, the Chairman of the Board of Directors.

The Nomination Committee of PCI Biotech Holding ASA is responsible for
submitting a recommendation to the General Meeting for the election of the Board
of Directors. Jónas Einarsson is Chairman of the Nomination Committee of PCI
Biotech Holding ASA.

Contact information:
PCI Biotech Holding ASA, Ullernchausséen 64, N-0379 Oslo, Norway.
www.pcibiotech.com
Per Walday, CEO, pw@pcibiotech.no, Mobile: +47 917 93 429.

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