Asetek A/S

Asetek - Share Capital Increase Upon Exercise of Warrants

Reference is made to warrants issued by Asetek A/S, Danish central business

adopted on August 11, 2015 and April 28, 2016 respectively.

Pursuant to the applicable warrant terms, the warrants are exercisable in

exercise windows open in a four weeks period running from the Company's

preliminary announcement of its financial statements or publication of its

interim financial report however no later than 7 years after the Subscription

Date as specified in the Subscription Agreement, at 12 noon.

Each warrant gives the holder the right but not the obligation, to subscribe for

one share in the Company of a nominal value of DKK 0.1 at NOK 10.60 and NOK

19.50 per share respectively.

The Company has now received exercise notices from warrant holders aggregating

67,050 warrants distributed as follows:

Warrants

Warrants issued on August 11, 2015 53,175

Warrants issued on April 28, 2016 13,875

In total 67,050

The holder of the 67,050 exercised warrants will subscribe for the corresponding

67,050 shares of each nominally DKK 0.10 in the Company and the Company has

received the following corresponding subscription price:

Shares Subscription Price

Warrants issued on August 11, 2015 53,175 NOK 563,655.00

Warrants issued on April 28, 2016 13,875 NOK 270,562.50

In total 67,050 NOK 834,217.50

Consequently, the share capital increase resulting from the exercise of the

warrants (from nominally DKK 2,690,308.40 by nominally DKK 6,705.00 to nominally

DKK 2,697,013.40) will now be registered and the newly issued shares will be

divided between the warrant holders having issued an exercise notice in

accordance with the above.

The shareholders' register kept by the Norwegian central securities depository

Verdipapirsentralen ASA and DNB Bank ASA respectively, the warrants' register

and the articles of association of the Company will be updated accordingly.

Asetek A/S

Peter Dam Madsen

Chief Financial Officer

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