PHOTOCURE ANNOUNCES RESIGNMENT OF CHIEF FINANCIAL OFFICER

Oslo, Norway, November 15, 2011: Photocure ASA (OSE: PHO), a specialty
pharmaceutical company focused on photodynamic technologies in dermatology and
cancer, announces today that its Chief Financial Officer (CFO), Christian
Fekete, has resigned.

Christian Fekete has served as CFO in Photocure since November 2004. He is
looking to explore new opportunities outside Photocure. He will leave the
company on December 1st, 2011. The company will initiate the search to identify
a new CFO.

Kjetil Hestdal, President & CEO of Photocure, said:
"We would like to thank Christian Fekete for his long and great contribution as
CFO in Photocure. We wish him all the best for the future."

For further information, please contact:

Photocure
President & CEO Kjetil Hestdal
Tel: + 47 913 19 535, Email:kh@photocure.no

M: Communications

Mary Clark

Tel: +44 207920 2361, Email: photocure@mcomgroup.com

About Photocure ASA
Photocure ASA is a worldwide leader in photodynamic technology. Listed on the
Oslo Stock Exchange (OSE: PHO), Photocure is focused on photodynamic
technologies in dermatology and cancer. The company strives to solve unmet needs
by developing new and innovative solutions based on its patented Photocure
Technology(TM). Photocure markets and sells its own products in selected markets
and has developed strong partnerships with leading pharmaceutical companies on a
regional and global basis. Photocure's bladder cancer diagnostic product, Hexvix
is approved in Europe and the US. In addition, the company markets Allumera®, a
photodynamic cosmetic in the US. Setting new standards for diagnosis and
treatment of several different conditions, Photocure Technology(TM) is
continuously being tested for new products and applications in cancer and
dermatology.
Allumera®, Photocure® and Hexvix® are registered trademarks of Photocure ASA.
For more information about Photocure, visitwww.photocure.com.

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)

[HUG#1563968]

Photocure ASA - Photocure announces resignment of chief financial officer