Asetek A/S

Asetek - Share Capital Increase Upon Exercise of Warrants

October 27, 2016 - 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 August 8, 2015 and April 29, 2016

respectively.

Pursuant to the applicable Warrants 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 0.1 at NOK 10.60 and NOK

19.50 per share respectively.

The Company has now received exercise notices from warrant holders to the effect

that the Company has received exercise notices aggregating 44,125 warrants (each

warrant giving a right to subscribe for 1 share of nominally DKK 0.1), and the

Company has received the corresponding subscription price.

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

warrants (from nominally DKK 2,536,134.00 with nominally DKK 4,412.50 to

nominally DKK 2,540,546.50) will now be registered and the newly issued shares

will be divided as follows between the warrant holders having issued an exercise

notice:

Shares Subscription Price

Warrants issued on August 8, 2015 32,289 NOK 342,263.40

Warrants issued on April 29, 2016 11,836 NOK 230,802.00

In total 44,125 NOK 573,065.40

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

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