Asetek A/S

Transaction in Own Shares • Aug 3, 2020

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

August 3, 2020 - On May 19, 2020, Asetek A/S launched a share buyback programme, as described in company announcement of May 19, 2020. According to the programme, Asetek A/S will in the period until September 30, 2020 buy back own shares up to a maximum value of USD4.5 million and with a maximum of 1,038,082 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	407,134	56.5269	2,410,467.24
48: 27 July 2020	6,592	62.9444	45,725.23
49: 28 July 2020	8,000	65.7334	57,582.46
50: 29 July 2020	8,000	64.4198	56,844.03
51: 30 July 2020	6,864	62.4003	46,814.90
52: 31 July 2020	7,424	63.9137	52,336.83
Total accumulated over week	31/2020 36,880	63.9633	259,303.45
Total accumulated during the share buy-back programme	444,014	57.1446	2,669,770.69

With the transactions stated above, the Company owns a total of 621,632 shares as treasury shares, corresponding to 2.41% 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