Asetek A/S

Transaction in Own Shares • May 25, 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"

May 25, 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, 0 0 0

latest

announcement

1: 19 May 2020 13,256 51.9952 69,131.57

2: 20 May 2020 18,693 52.3073 98,755.89

3: 22 May 2020 7,150 54.7683 39,081.02

Total 21/20 39,099 52.6515 206,968.48

accumulated 20

over week

Total 39,099 52.6515 206,968.48

accumulated

during the

share buy

-back

programme

With the transactions stated above, the Company owns a total of 216,717 shares

as treasury shares, corresponding to 0.84% 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