Asetek A/S

Asetek - Employee Stock Option Grant

Aalborg, September 9, 2019. Asetek A/S' board of directors has on September 8th,

2019 decided to grant options to key employees in the Company and its

subsidiaries. The decision is made in accordance with the Company's remuneration

policy.

A total of 494,900 options have been granted to purchase shares at a price of

NOK 24.70 per share. The exercise price is established as the share price

("closing price") for the Company's share on the day following the decision to

grant the options. The options become exercisable gradually within a period of 4

years and the options will expire 7 years after the initial grant date.

Executive management was granted 167,950 options, and 142,550 options were

granted to other management members. Other employees, in the Company's

subsidiaries in Denmark, USA and China, were granted a total of 184,400 options.

Obligatory documents filed with the Danish FSA under the EU Market Abuse

Regulations are attached to this release.

About Asetek

Asetek is the global leader in liquid cooling solutions for data centers,

servers and PCs. 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).

For further information, please contact:

Peter Dam Madsen

Chief Financial Officer

Mobile: +45 2080 7200

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