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Asetek A/S

Regulatory Filings Jun 26, 2017

6301_iss_2017-06-26_ac7c1e96-f04f-476a-b07e-f860a6a70d33.pdf

Regulatory Filings

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Asetek receives follow-on order from Penguin Computing

Aalborg, Denmark, 26 June 2017 –Asetek today announced a further order from Penguin Computing, an established data center OEM, for an undisclosed HPC(High Performance Computing) installation.

"This repeat order reflects our strong partnership with Penguin Computing. It is also another confirmation of the increasing need for liquid cooling in high density HPCclusters," saidAndré Sloth Eriksen, CEOand founder ofAsetek.

On Friday 23 June, Asetek and Penguin Computing announced that Asetek was selected to provide liquid cooling for NVIDIA's P100 GPUaccelerators, the most advanced GPUs yet produced by NVIDIA, as part of Penguin's Tundra ES (Extreme Scale) platform.

Today's follow-on order is for Asetek's RackCDU Direct-to-Chip (D2C) liquid cooling solution and includes additional loops to cool NVIDIA's P100 GPU accelerators.

The order has a value of USD140,000 with delivery to be completed in Q3 2017.

Asetek signed a global purchasing agreement with Penguin Computing in 2015.

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 questionsor further information, please contact:

CEOand Founder André S. Eriksen, +45 2125 7076, email: [email protected] CFO Peter Dam Madsen, +45 2080 7200, email: [email protected]

For more information, visit www.asetek.com Asetek's press room is available on www.asetek.com/press-room/news/

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