CellCura ASA (Oslo Axess: CELL), announces its results for the third quarter, 2014. A presentation will be held at 10 AM today at the Company's office at Vika Atrium, Munkedamsveien 45 A, 5th floor, Oslo.

Q3 AND SUBSEQUENT EVENTS

CellCura's cost cutting programme described in recent reports was completed with full effect as at the end of Q2. Short term financial constraints remain an issue and the company has been relying on shareholder loans to meet its financial obligations. After the balance sheet date shareholders have extended further loans of NOK 0.78 million which are not reflected in the financials as at the end of Q3. Also, the company has been in dialogue with Innovation Norway and has been granted a deferral of instalments, with subsequent extension of maturities to the respective loan facilities. 

Due to the size of outstanding loans and in an effort to secure more time to resolve the long-term financing of the Company, CellCura's shareholders resolved in an Extraordinary General Meeting 21 November 2014 to issue a convertible loan covering all outstanding shareholder loans including accrued interest as of 31 October 2014 owed to the largest shareholder, Dag Dvergsten AS, as well as securing new funding of NOK 1.5 million. This does not constitute a viable long-term financing solution and Management and the Board of Directors will need to put in place an alternative financing solution by the end of 2014. 

Quarterly report attached.

Oslo, 28 November 2014

CellCura ASA

Tore Viana-Rønningen

Chief Executive Officer

Phone: + 47 911 08 693

CellCura ASA is dedicated to the development and sales of cell technologies for use in assisted reproductive technology (ART) and stem cell research worldwide, representing improved safety and efficiency compared to traditional technology. CellCura is listed on the Oslo Axess market at the Oslo Stock Exchange (ticker: CELL)

www.cellcura.com 

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

distributed by