Asetek A/S

Share Issue/Capital Change • Mar 10, 2021

Asetek - Share Capital Increase upon Exercise of Warrants. Board and Management Members Exercise Warrants

10 March2021 - Vice chairman of the Board of Directors and primaryinsider ofAsetekA/S, Chris Christopher has exercised 11,000 warrants issued onApril 23, 2014 with a subscription price of NOK40.10 per share paid in cash. Following the transaction, Chris Christopher owns 88,422Asetek shares and 34,811 warrants.

CFOand primaryinsider ofAsetekA/S, Peter Dam Madsen has exercised 10 313 warrants issued onApril 23, 2014 with a subscription price of NOK40.10 per share paid in cash. Following the transaction, Peter Dam Madsen owns 106,719Asetek shares and 275,252 options and warrants.

COOand primaryinsider ofAsetekA/S, John Hamill has exercised 8 621 warrants issued onApril 23, 2014 with a subscription price of NOK40.10 per share paid in cash. Following the transaction, John Hamill owns 110,521Asetek shares and 335,222 options and warrants.

Further reference is made to warrants issued byAsetekA/S, Danish central business register (CVR) no. 34880522 (the "Company"), pursuant to corporate resolutions adopted onApril 23, 2014,August 11, 2015,April 28, 2016, andApril 25, 2017 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 SubscriptionAgreement, at 12 noon.

Each warrant gives the holder the right but not the obligation, to subscribe for one share in the Companyof a nominal value of DKK0.1 at NOK40.10, NOK10.60, NOK19.50, and NOK76.25 per share respectively.

The Companyhas nowreceived exercise notices from warrant holders aggregating 70,594 warrants distributed as follows:

	Warrants
Warrants issued onApril 23, 2014	31,790
Warrants issued onAugust 11, 2015	17,910
Warrants issued onApril 28, 2016	13,037
Warrants issued onApril 25, 2017	7,857
Intotal	70,594

In respect of 1,054 exercised warrants issued onApril 25, 2017, the Board of Directors has, in accordance with the applicable warrant terms, decided to paythe warrant holders a cash amount (cash settlement) corresponding to the amount bywhich the market price of the shares in the Companyexceeds the subscription price, instead of delivering the shares corresponding to the warrants.

The holders of the remaining 69,540 exercised warrants will subscribe for the corresponding 69,540 shares of each nominallyDKK0.10 in the Companyand the Companyhas received the following corresponding subscription price:

	Shares	SubscriptionPrice
Warrants issued onApril 23, 2014	31,790	NOK1,274,779.00
Warrants issued onAugust 11, 2015	17,910	NOK189,946.00
Warrants issued onApril 28, 2016	13,037	NOK254,221.50
Warrants issued onApril 25, 2017	6,803	NOK518,728.80
Intotal	69,540	NOK2,237,575.25

Consequently, the share capital increase resulting from the exercise of the warrants (from nominallyDKK2,678,096.00 bynominallyDKK6,954.00 to nominallyDKK 2,685,050.00) will nowbe registered and the newlyissued shares will be divided between the warrant holders having issued an exercise notice in accordance with the above.

The shareholders' register kept bythe Norwegian central securities depositoryVerdipapirsentralenASAand DNBBankASArespectively, the warrants' register and the articles of association of the Companywill be updated accordingly.

AsetekA/S Peter Dam Madsen Chief Financial Officer

This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities TradingAct. This stock exchange release was published byPeter Dam Madsen, CFOatAsetekA/S, on March 10, 2021 at 13:40 CET.