Asetek A/S

Transaction in Own Shares • Dec 22, 2020

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

December 23, 2020 - 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 ommission 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		150,285	86.7613	1,435,924.16
37:	14 December 2020	2,573	105.5493	31,068.56
38:	15 December 2020	2,240	105.8146	27,139.33
39:	16 December 2020	2,515	105.8410	30,611.86
40:	17 December 2020	3,218	103.2727	38,218.13
41:	18 December 2020	2,583	105.1128	31,576.19
Total accumulated over week 51/2020		13,129	105.0066	158,614.07
Total accumulated during the share buy-back programme		163,414	88.2272	1,594,538.23

With the transactions stated above, the Company owns a total of 997,661 shares as treasury shares, corresponding to 3.77% 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