Asetek A/S

Share Issue/Capital Change • Nov 26, 2019

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 onAugust 11, 2015 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 NOK10.60 and NOK19.50 per share respectively.

The Companyhas nowreceived exercise notices from warrant holders aggregating 2,833 warrants distributed as follows:

	Warrants
Warrants issued onAugust 11, 2015	527
Warrants issued onApril 28, 2016	2,306
Intotal	2,833

The holders of the 2,833 exercised warrants will subscribe for the corresponding 2,833 shares of each nominallyDKK0.10 in the Companyand the Companyhas received the following corresponding subscription price:

	Shares	SubscriptionPrice
Warrants issued onAugust 11, 2015	527	NOK5,586.20
Warrants issued onApril 28, 2016	2,306	NOK44,967.00
Intotal	2,833	NOK50,553.20

Consequently, the share capital increase resulting from the exercise of the warrants (from nominallyDKK2,578,620.90 bynominallyDKK283.30 to nominallyDKK 2,578,904.20) 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