Asetek A/S

Report Publication Announcement • Apr 3, 2017

Repeat Order from South Korean Customer

Asetek today announced a second order from Intech, Seoul, South Korea, for its InRackCDU D2C™ (Direct-to-Chip) liquid cooling solution. The order is for validation by an undisclosed customer of Intech.

"The magnitude of this order lies in its strategic significance. It marks yet another step towards unlocking the full potential our partnership with Intech, through validation of our product by one of their customers and increasing end-user adoption of our technology," said André Sloth Eriksen, CEOand founder ofAsetek.

The order will result in revenue toAsetek in the range of USD25,000 with delivery in Q2 2017. It follows Intech's initial order in March for sealed loops for USD25,000.

Intech & Company, Inc. distributes PCand server components, EMCstorage products, andAPCpower supplies in South Korea. It also provides IT solutions and services for customers. Intech is the Intel desktop and server distributor in South Korea. The company was founded in 1981 and is based in Seoul, South Korea. For more information, visit www.intechn.com

About Asetek

Asetek (ASETEK.OL) 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. For more information, visit www.asetek.com

For further information, please contact: André S. Eriksen, Chief Executive Officer Mobile: +45 2125 7076, e-mail: ceo@asetek.com