Asetek A/S

Share Issue/Capital Change • Mar 26, 2021

Asetek - Share Capital Increase Upon Exercise of Warrants

Asetek - Share Capital Increase Upon Exercise of Warrants

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

register (CVR) no. 34880522 (the "Company"), pursuant to corporate resolutions

adopted on April 23, 2014, 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 40.10, NOK 10.60,

and NOK 19.50 per share respectively.

The Company has now received exercise notices from warrant holders aggregating

41,935 warrants distributed as follows:

Warrants

Warrants issued on April 23, 2014 17,010

Warrants issued on August 11, 2015 15,000

Warrants issued on April 28, 2016 9,925

In total 41,935

The holders of the 41,935 exercised warrants will subscribe for the

corresponding 41,935 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 April 23, 2014 17,010 NOK 682,101.00

Warrants issued on August 11, 2015 15,000 NOK 159,000.00

Warrants issued on April 28, 2016 9,925 NOK 193,537.50

In total 41,935 NOK 1,034,638.50

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

warrants (from nominally DKK 2,685,050.00 by nominally DKK 4,193.50 to nominally

DKK 2,689,243.50) 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

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 March 26, 2021 at 14:10 CET