Asetek A/S

Transaction in Own Shares • Mar 8, 2021

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

March 8, 2021 - On October 23, 2020, Asetek A/S launched a share buyback programme, as described in company announcement of October 23, 2020. According to the programme, Asetek A/S will in the period until March 5, 2021 buy back own shares up to a maximum value of USD4 million and with a maximum of 381,000 shares. The share buyback programme will be implemented in accordance with Regulation (EU) no. 596/2014 of 16thApril 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 shares bought back	Average purchase price (NOK)	Amount (USD)
Total, latest announcement		331,740	99.7478	3,783,294.07
88:	1 March 2021	3,000	108.6791	38,146.36
89:	2 March 2021	4,000	109.7139	51,565.53
90:	3 Match 2021	3,500	106.3115	43,795.02
91:	4 March 2021	3,500	93.9049	38,815.59
92:	5 March 2021	3,950	94.8595	43,764.38
Total accumulated over week 9/2021		17,950	102.5262	216,086.89
Total accumulated during the share buy-back programme		349,690	99.8904	3,999,380.96

With the transactions stated above, the Company owns a total of 1,183,937 shares as treasury shares, corresponding to 4.42% of the share capital. See the enclosure for information about the individual transactions made under the share buyback programme.

The programme is hereby concluded.

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-9220Aalborg East Denmark