Asetek A/S

Transaction in Own Shares • Jul 20, 2020

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"

July 20, 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 USD 4.5 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 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, 351,841 55.0900 2,018,322.13

latest

announcement

38: 13 July 6,808 61.3233 44,504.33

2020

39: 14 July 7,330 66.1046 51,410.41

2020

40: 15 July 4,801 68.6805 35,413.55

2020

41: 16 July 4,941 66.9300 35,715.72

2020

42: 17 July 4,645 66.5600 33,297.74

2020

Total 29/2020 28,525 65.6141 200,341.74

accumulated

over week

Total 380,366 55.8792 2,218,663.87

accumulated

during the

share buy

-back

programme

With the transactions stated above, the Company owns a total of 557,984 shares

as treasury shares, corresponding to 2.16% 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