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QLT announces agreement to sell Aczone(R) to Allergan for approximately US$150 million
Date:6/9/2008

cts constitute "forward-looking statements" of QLT within the meaning of the Private Securities Litigation Reform Act of 1995 and constitute "forward-looking information" within the meaning of applicable Canadian securities laws. Such statements include, but are not limited to: our expectations concerning any plans, ability and timing to return a portion of the proceeds of the asset divestments to shareholders; our statements related to the proposed divestments of each of Aczone and our real estate, including our expectations as to the closing of these transactions and the timing therefor; our plans to divest certain other non-core assets described in the press release; and statements which contain language such as "expects," "will," "plans," "potential," "intends," "believes" and similar expressions that do not relate to historical matters. Forward-looking statements are predictions only which involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from those expressed in such statements. Factors that could cause actual events or results to differ materially include, but are not limited to: our ability to return any proceeds from asset divestments to shareholders is uncertain and will depend upon a number of factors, including but not limited to, the aggregate amount of net proceeds received, our repayment of our convertible notes, our future operating results, R&D and SG&A expenses, financial obligations and other liabilities; the risk that the proposed divestments of Aczone and our real estate do not close due to closing conditions not being satisfied or for any other reason, and the timing of any such closing is uncertain; the Company's ability to successfully complete the sale of one or more of the other assets or operations at an acceptable price and the time period necessary to complete such sales are uncertain; fluctuations in the real estate market; and other factors, including those describe
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