The Annual General Meeting in PhotoCure ASA took place on 15 April 2004. The General Meeting approved the Directors' Report and the Annual Accounts, as well as the Board of Directors' proposed settlement of the deficit of 2003.

Except for Birgit Stattin Norinder, all directors of the board were to be elected. All directors were reelected and the new Board of Directors of PhotoCure ASA consists of:

Erik Engebretsen

Per-Olof Mårtensson

Halvor Bjerke

Lars Lindegren

Birgit Stattin Norinder

The Annual General Meeting decided to establish a Nomination Committee to nominate candidates to the Board of Directors for election at the Ordinary General Meeting of the Shareholders. The Nomination Committee shall consist of three members that represent the shareholders. The two largest shareholders should be represented.

In accordance with the proposals of the Board of Directors, the General Meeting also resolved to grant authority to the Board to increase the share capital and to acquire own shares.