Asetek A/S

Transaction in Own Shares • Nov 24, 2020

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

November 24, 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		84,493	79.6519	726,077.05
17:	16 November 2020	4,410	87.2645	42,408.98
18:	17 November 2020	3,963	92.7040	40,485.93
19:	18 November 2020	4,000	88.4740	39,211.68
20:	19 November 2020	5,000	91.7269	50,816.70
21:	20 November 2020	3,000	97.0813	32,357.20
Total accumulated over week 47/2020		20,373	91.1008	205,280.48
Total accumulated during the share buy-back programme		104,866	81.8762	931,357.54

With the transactions stated above, the Company owns a total of 939,113 shares as treasury shares, corresponding to 3.55% 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 (ASETEK.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