Asetek A/S

Share Issue/Capital Change • Apr 3, 2018

ASETEK - Share Capital Increase upon Exercise of Warrants

ASETEK - Share Capital Increase upon Exercise of Warrants

Reference is made to warrants issued by Asetek A/S, Danish central business

register (CVR) no. 34880522 (the "Company"), pursuant to corporate resolutions

adopted on October 8, 2013, August 11, 2015, April 28, 2016 and April 25, 2017

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 Subscription Agreement, at 12 noon.

Each warrant gives the holder the right but not the obligation, to subscribe for

one share in the Company of a nominal value of DKK 0.10 at NOK 36.50, NOK 10.60,

NOK 19.50 and NOK 76.25 per share respectively.

The Company has now received exercise notices from warrant holders aggregating

108,636 warrants distributed as follows:

Warrants

Warrants issued on October 8, 2013 34,359

Warrants issued on August 11, 2015 40,221

Warrants issued on April 28, 2016 26,879

Warrants issued on April 25, 2017 7,177

In total 108,636

In respect of 4,398 exercised warrants issued on October 8, 2013, August 11,

2015, April 28, 2016 and April 25, 2017, the Board of Directors has, in

accordance with the applicable warrant terms, decided to pay the warrant holders

a cash amount (cash settlement) corresponding to the amount by which the market

price of the shares in the Company exceeds the subscription price, instead of

delivering the shares corresponding to the warrants.

The holders of the remaining 104,238 exercised warrants will subscribe for the

corresponding 104,238 shares of each nominally DKK 0.10 in the Company and the

Company has received the following corresponding subscription price:

Shares Subscription Price

Warrants issued on October 8, 2013 33,669 NOK 1,228,918.50

Warrants issued on August 11, 2015 38,221 NOK 405,142.60

Warrants issued on April 28, 2016 26,179 NOK 510,490.50

Warrants issued on April 25, 2017 6,169 NOK 470,386.25

In total 104,238 NOK 2,614,937.85

Consequently, the share capital increase resulting from the exercise of the

warrants (from nominally DKK 2,556,800.20 by nominally DKK 10,863.60 to

nominally DKK 2,567,663.80) will now be registered and the newly issued shares

will be divided between the warrant holders having issued an exercise notice in

accordance with the above.

The shareholders' register kept by the Norwegian central securities depository

Verdipapirsentralen ASA and DNB Bank ASA respectively, the warrants' register

and the articles of association of the Company will be updated accordingly.

Asetek A/S

Peter Dam Madsen

Chief Financial Officer