Asetek A/S

Earnings Release • Apr 7, 2021

Asetek - Update to Full Year 2021 Guidance

Asetek - Update to Full Year 2021 Guidance

April 7, 2021 - Asetek today updated its full-year 2021 revenue and operating

income expectations due to strong demand for Gaming and Enthusiast products.

Asetek expects to report an increase in Group revenue of 20-30% for 2021

compared with 2020, with gross margins lower than 2020. The Company expects an

operating income of about $11-16 million, partially reflecting increased

overhead costs to facilitate growth.

The previous revenue and operating income expectations, announced on February

24, were for revenue growth of 10-20% in 2021 compared with 2020, with gross

margins lower than 2020, and an expected operating income of about $9-15

million.

The Company will release its first quarter 2021 report on April 22.

About Asetek

Asetek, the creator of the all-in-one liquid cooler, is the global leader for

liquid cooling solutions for high performance gaming and enthusiast PCs, and

environmentally aware data centers. Founded in 2000, Asetek is headquartered in

Denmark and has operations in China, Taiwan and the United States. Asetek is

listed on the Oslo Stock Exchange (ASTK.OL).

For further information, please contact:

CEO and Founder André S. Eriksen

+45 2125 7076, email: ceo@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 7, 2021 at

10:10 CEST.