Asetek A/S

Share Issue/Capital Change • May 26, 2020

ASETEK - Share Capital Increase Upon Exercise of Warrants

Reference is made to warrants issued byAsetekA/S, Danish central business register (CVR) no. 34880522 (the "Company"), pursuant to corporate resolutions adopted on October 8, 2013 andApril 28, 2016 respectively.

Pursuant to the applicable warrant terms, the warrants are exercisable in exercise windows open in a four weeks period running from the Company's preliminary announcement of its financial statements or publication of its interim financial report however no later than 7 years after the Subscription Date as specified in the SubscriptionAgreement, at 12 noon.

Each warrant gives the holder the right but not the obligation, to subscribe for one share in the Companyof a nominal value of DKK0.1 at NOK36.50 and NOK19.50 per share respectively.The Companyhas nowreceived exercise notices from warrant holders aggregating 17,320 warrants distributed as follows:

	Warrants
Warrants issued on October 8, 2013	12,320
Warrants issued onApril 28, 2016	5,000
Intotal	17,320

The holders of the 17,320 exercised warrants will subscribe for the corresponding 17,320 shares of each nominallyDKK0.10 in the Companyand the Companyhas received the following corresponding subscription price:

	Shares	SubscriptionPrice
Warrants issued on October 8, 2013	12,320	NOK449,680.00
Warrants issued onApril 28, 2016	5,000	NOK97,500.00
Intotal	17,320	NOK547,180.00

Consequently, the share capital increase resulting from the exercise of the warrants (from nominallyDKK2,578,904.20 bynominallyDKK1,732.00 to nominallyDKK 2,580,636.20) will nowbe registered and the newlyissued shares will be divided between the warrant holders having issued an exercise notice in accordance with the above.

The shareholders' register kept bythe Norwegian central securities depositoryVerdipapirsentralenASAand DNBBankASArespectively, the warrants' register and the articles of association of the Companywill be updated accordingly.

AsetekA/S Peter Dam Madsen Chief Financial Officer

Asetek A/S Assensvej 2 9220Aalborg Denmark