Asetek A/S

Transaction in Own Shares • May 3, 2021

Asetek A/S Announces Transactions Carried Out Under the Current Share Buyback Programme in Accordance With the "Safe Harbour Method"

Asetek A/S Announces Transactions Carried Out Under the Current Share Buyback Programme in Accordance With the "Safe Harbour Method"

May 3, 2021 - On April 26, 2021, Asetek A/S launched a share buyback programme,

as described in company announcement of April 26, 2021. According to the

programme, Asetek A/S will in the period until September 2, 2021 buy back own

shares up to a maximum value of USD 3 million and with a maximum of 237,100

shares. The share buyback programme will be implemented in accordance with

Regulation (EU) no. 596/2014 of 16th April 2014 of the European Parliament and

Council and Commission Delegated Regulation (EU) no. 2016/1052, also referred to

as the Safe Harbour rules.

Trading day Number of Average Amount (USD)

shares bought purchase price

back (NOK)

Total, 0 0 0.00

latest

announcement

1: 26 April 2021 3,000 102.8658 37,247.71

2: 27 April 2021 3,000 103.0335 37,277.52

3: 28 April 2021 2,500 100.4873 30,548.14

4: 29 April 2021 3,500 100.1023 42,673.61

5: 30 April 2021 2,876 98.6457 34,299.94

Total 14,876 101.0338 182,046.91

accumulated

over week

17/2021

Total 14,876 101.0338 182,046.91

accumulated

during the

share buy

-back

programme

With the transactions stated above, the Company owns a total of 1,058,425 shares

as treasury shares, corresponding to 4.00% of the share capital.

See the enclosure for information about the individual transactions made under

the share buyback programme.

About Asetek

Asetek is the global leader in liquid cooling solutions for gaming and

enthusiast PCs, data centers and servers. Founded in 2000, Asetek is

headquartered in Denmark and has operations in California, Texas, China and

Taiwan. Asetek is listed on the Oslo Stock Exchange (ASTK.OL).

www.asetek.com

For further information, please contact:

Peter Dam Madsen, Chief Financial Officer

Mobile: +45 2080 7200, e-mail: pdm@asetek.com

Asetek A/S

Assensvej 2

DK-9220 Aalborg East

Denmark

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 May 3, 2021 at 10:00 CET