Asetek A/S

ASETEK - Mandatory Notification of Trade

07 April 2023 - Member of the Board of Directors and primary insider of Asetek

A/S Jørgen Smidt has on 5 April 2023 purchased 28,000 shares in the open market

at an average price of NOK 9.99 per share. The stock purchase is in addition to

Jørgen Smidt's undertaking to subscribe for New Shares in the fully underwritten

Rights Issue announced on 8 March 2023. Following the transaction, Jørgen Smidt

owns 87,200 Asetek shares.

Member of the Board of Directors and primary insider of Asetek A/S Maja Frølunde

Sand-Grimnitz and closely associated individuals have on 5 April 2023 purchased

14,000 shares in the open market at an average price of NOK 9.97 per share. The

stock purchase is in addition to Maja Frølunde Sand-Grimnitz's undertaking to

subscribe for New Shares in the fully underwritten Rights Issue announced on 8

March 2023. Following the transaction, Maja Frølunde Sand-Grimnitz and closely

associated individuals own 14.000 Asetek shares.

Chief Operating Officer and primary insider of Asetek A/S John Hamill has on 5

April 2023 purchased 8,826 shares in the open market at an average price of NOK

9.33 per share. The stock purchase is in addition to John Hamill's undertaking

to subscribe for New Shares in the fully underwritten Rights Issue announced on

8 March 2023. Following the transaction, John Hamill owns 237,239 Asetek shares

and 342,817 warrants/options.

About Asetek

Asetek (ASTK.OL), 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 2013, Asetek went

public while expanding into energy-efficient and environmentally friendly

cooling solutions for data centers. 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.

For further information, please contact:

Peter Dam Madsen, Chief Financial Officer

Mobile: +45 2080 7200, e

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

-12 of the Norwegian Securities Trading Act. This stock exchange release was

published by Peter Dam Madsen, CFO at Asetek A/S, on April 07, 2023 at 15.00

CEST

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