Asetek A/S

Remuneration Information • Apr 23, 2021

Asetek - Employee Stock Option Grant

Asetek - Employee Stock Option Grant

Aalborg, April 23, 2021. Asetek A/S' board of directors has on April 21 st, 2021

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 216,300 options have been granted to purchase shares at a price of

NOK 100.15 per share. The exercise price is established as the share price

("closing price") for the Company's share on the day of the day of grant and the

day after, which was the day of publishing the Q1 2021 report. The options

become exercisable gradually within a period of 3 years and the options will

expire 5 years after the initial grant date.

The executive management group was granted 92,100 options in total. Other

employees, in the Company's subsidiaries in Denmark, USA and China, were granted

a total of 124,200 options.

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

Regulations are attached to this release.

About Asetek

Asetek is the global leader in liquid cooling solutions for data centers,

servers and PCs. 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).

For further information, please contact:

Peter Dam Madsen

Chief Financial Officer

Mobile: +45 2080 7200

investor.relations@asetek.com

This information is considered inside information pursuant to the EU Market

Abuse Regulation and is subject to the disclosure requirements pursuant to

Section 5-12 the Norwegian Securities Trading Act. This stock exchange release

was published by Peter Dam Madsen, CFO at Asetek A/S, on April 23, 2021 at

15:05 CEST.