Asetek A/S

Transaction in Own Shares • Jul 6, 2020

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

July 6, 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		269,308	55.0021	1,537,060
28:	29 June 2020		7,327	53.9925	40,905
29:	30 June 2020		10,434	54.1549	58,426
30:	1 July 2020		10,214	53.9051	57,812
31:	2 July 2020		9,766	53.8982	55,269
32:	3 July 2020		5,606	53.7353	31,751
Total accumulated over week 27/2020		43,347	53.9565	244,163
Total accumulated during the share buy-back programme			312,655	54.8571	1,781,223

With the transactions stated above, the Company owns a total of 490,273 shares as treasury shares, corresponding to 1.90% 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