Algeta ASA (OSL:ALGETA) Oslo, Norway, 13 November 2008 - Algeta ASA (OSE: ALGETA), the Norwegian cancer therapeutics company, today announces that Dr. Thomas Ramdahl, President and Chief Executive Officer, will be presenting at the Lazard Capital Markets 5th Annual Healthcare Conference to be held at the St. Regis Hotel, 2 East 55th Street, New York City, from November 18 - 19, 2008.

Dr. Ramdahl's presentation, which is scheduled for Tuesday, November 18, 2008 at 4:40 p.m., will provide a corporate overview including comments on the Company's ALSYMPCA phase III clinical trial in hormone refractory prostate cancer.

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For further information, please contact

Dr. Thomas Ramdahl, President +47 23 00 79 90 / +47 913 91 458 (mob) and CEO +47 23 00 79 84 / +47 906 56 525 (mob) Øystein Soug, CFO post@algeta.com

For international enquiries: +44 207 638 9571 Mark Swallow/Helena mark.swallow@citigatedr.co.uk Galilee/David Dible Citigate Dewe Rogerson



About Algeta Algeta ASA is a Norwegian cancer therapeutics company built on world-leading, proprietary technology. Algeta is developing new, targeted cancer therapeutics that harness the unique characteristics of alpha particle emitters and are potent, well-tolerated and convenient to use.

Algeta's lead product candidate, Alpharadin, has commenced phase III clinical trials in hormone-refractory prostate cancer based on positive phase II results. Alpharadin is a novel bone-seeking therapeutic based on the alpha particle emitter radium-223 and may target skeletal metastases from multiple cancer types, as well as primary bone cancers. Algeta is also developing other technologies for delivering alpha emitters. The Company is headquartered in Oslo, Norway, and was founded in 1997. Algeta listed on the Oslo Stock Exchange in March 2007 (Ticker: ALGETA).

Alpharadin and Algeta are trademarks of Algeta ASA.

Forward-looking Statement This news release contains forward-looking statements and forecasts based on uncertainty, since they relate to events and depend on circumstances that will occur in the future and which, by their nature, will have an impact on results of operations and the financial condition of Algeta. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. Theses factors include, among other things, risks associated with technological development, the risk that research & development will not yield new products that achieve commercial success, the impact of competition, the ability to close viable and profitable business deals, the risk of non-approval of patents not yet granted and difficulties of obtaining relevant governmental approvals for new products.

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This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.



LINK: http://hugin.info/134655/R/1269355/280676.pdf

Algeta ASA

http://www.algeta.com

ISIN: NO0010239437

Stock Identifier: XOSL.ALGETA

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