Asetek A/S

Asetek - Employee Stock Option Grant

Aalborg, December 12, 2023. Asetek A/S' board of directors has on December 12th,

2023 decided to grant options to key employees in the Company and its

subsidiaries. The decision is made in accordance with the Company's remuneration

policy.

A total of 2,956,850 options have been granted to purchase shares at a price of

DKK 4.07 per share. The exercise price is established as the average share price

("closing price") for the Company's share on the 5 most recent trading-days

prior to grant date.

The options become exercisable after 3 years and the options will expire 5 years

after the initial grant date.

Executive management was granted 1,956,900 options. Other employees, in the

Company's subsidiaries in Denmark, USA and China, were granted a total of

999,950 options.

Options are an integrated element of Asetek's total renumeration structure and

are typically granted during the first half of the year. This year, the grant

has been delayed due the rights issue and listing on Nasdaq Copenhagen.

Obligatory documents filed with the Danish FSA under the EU Market Abuse

Regulations are attached to this release.

For further information, please contact:

CFO, Peter Dam Madsen, +45 2080 7200, email: [email protected]

Head of Investor Relations, Per-Anders Nyman, +45 2566 6869, email:

About Asetek

Asetek (ASTK), a global leader in mechatronic innovation, is a Danish garage-to

-stock-exchange success story. Founded in 2000, Asetek established its

innovative position as the leading OEM developer and producer of the all-in-one

liquid cooler for all major PC & Enthusiast gaming brands. In 2021, Asetek

introduced its line of products for next level immersive SimSports gaming

experiences. Asetek is headquartered in Denmark and has operations in China,

Taiwan and the United States.

This information is subject to the disclosure requirements pursuant to Section 5

-12 of the Norwegian Securities Trading Act.

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