Asetek A/S

Transaction in Own Shares • Jan 27, 2021

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

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

January 27, 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 USD 4 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 16th April 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 Average Amount (USD)

shares bought purchase price

back (NOK)

Total, 216,288 93.7743 2,280,013.96

latest

announcement

58: 18 January 2,275 115.6883 30,609.10

2021

59: 19 January 2,371 117.1582 32,500.50

2021

60: 20 January 3,576 118.7081 49,878.77

2021

61: 21 January 3,458 121.2656 49,817.17

2021

62: 22 January 2,696 119.7979 38,046.47

2021

Total 14,376 118.7942 200,852.01

accumulated

over week

3/2021

Total 230,664 95.3336 2,480,865.97

accumulated

during the

share buy

-back

programme

With the transactions stated above, the Company owns a total of 1,064,911 shares

as treasury shares, corresponding to 3.98% of the share capital. See the

enclosure for information about the individual transactions made under the share

buyback programme.

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-9220 Aalborg East

Denmark