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Regulatory press release

Photocure ASA - Major shareholding disclosure

Photocure
On 8 December 2023, Briarwood Chase Management LLC, via a private investment
fund under its management, bought 168,754 shares in Photocure ASA. Following
this, Briarwood Chase Management LLC controls 4,182,826 shares in Photocure ASA,
corresponding to approximately 15.42% of the company's outstanding share capital
and voting rights. The shares in Photocure ASA are held through Briarwood
Capital Partners LP, which is managed by Briarwood Chase Management LLC, whose
Managing Member is Aalap Mahadevia.

This notification is made public pursuant to section 4-2 of the Norwegian
Securities Trading Act.
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