The Annual General Meeting in Photocure ASA took place on 9 April 2008.

The General Meeting approved the demerger of Photocure ASA and capitalisation issue.

The General Meeting approved the Directors' Report and the Annual Accounts for 2007, as well as the Board of Directors' proposed coverage of the net loss.

Erik Engebretsen, Jon Hindar and Kari E. Krogstad were re-elected as members of the Board of Directors. In addition, Eva Steiness and Mats Petterson were elected as new directors of the Board. All were elected for a period of one year. The new Board of Directors of Photocure ASA consists of:

Erik Engebretsen, Chairman of the Board

Jon Hindar, Board member

Kari E. Krogstad, Board member

Eva Steiness, Board member

Mats Petterson, Board member

The Nomination Committee was elected for a period of one year. The Nomination Committee consists of:

Jónas Einarsson

Janne Flessum

John Harald Henriksen

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, to repurchase own shares, change of the articles of association and other resolutions as included in the enclosed minutes.