Asetek A/S

Transaction in Own Shares • Jan 20, 2021

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

January 20, 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		202,351	91.9525	2,083,520.76
53:	11 January 2021	3,000	118.7669	41,651.55
54:	12 January 2021	3,000	120.6962	42,509.20
55:	13 January 2021	2,327	120.5468	33,044.36
56:	14 January 2021	2,610	121.8316	37,394.50
57:	15 January 2021	3,000	119.5593	41,893.58
Total accumulated over week 2/2021		13,937	120.2239	196,493.20
Total accumulated during the share buy-back programme		216,288	93.7743	2,280,013.96

With the transactions stated above, the Company owns a total of 1,050,535 shares as treasury shares, corresponding to 3.92% 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-9220Aalborg East Denmark