Asetek A/S

AGM Information • Apr 24, 2014

ASETEK - Outcome of annual general meeting

ASETEK - Outcome of annual general meeting

- All proposals approved.

- Following the general meeting, the Board of Directors constituted

itself with Mr. Samuel Stzeinbaum as the chairman.

Aalborg, April 24 2014 - Asetek A/S (OSE: ASETEK) today held the annual

general meeting at its address in Aalborg, Denmark. The annual meeting

approved all proposals set forward by the Board of Directors.

The general meeting took note of the report by the Board of Directors

and Management and the audited annual report for 2013 was approved and

carry forward the consolidated loss (USDm 6.2) to next year.

The Nomination Committee reported on its activities during last year.

The committee noted that board members Jorgen Smidt and Alexander Wong

did not make themselves available for reelection. The Nomination

Committee is actively pursuing to add capabilities within the data

center industry to the Board of Directors within the coming year.

The proposal to only prepare the annual reports in English language was

approved and

The general adopted the proposal by the board of directors to reduce the

minimum number of members of the Board of Directors from 6 to 4 and

amend clause 11.1 accordingly.

The following members of the Board of Directors were all re-elected, and

the board of directors will subsequent to the general meeting consist

of:

- Samuel Szteinbaum

- Bengt Oluf Thuresson

- Chris J. Christopher

- Knut Oeversjoen

The following were elected to the Nomination Committee:

- Samuel Szteinbaum

- Ib Soenderby

- Thomas Vogt

Following the general meeting, the Board of Directors constituted itself

with Mr. Samuel Szteinbaum as chairman. Ib Sonderby is chairman of the

Nomination Committee. Knut Oeversjoen is chairman of the Audit

Committee, and Samuel Szteinbaum is chairman of the Compensation

Committee.

The general meeting authorized the Board of Directors to, until the next

annual general meeting, to acquire the Company's own shares.

PricewaterhouseCoopers, State Authorized Public Accountants were re

-elected as auditors.

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For further information, please contact:

Andre S. Eriksen, Chief Executive Officer

Mobile: +1 408 398 7437, e-mail: ceo@asetek.com

Peter Madsen, Chief Financial Officer

Mobile: +1 408 813 4147, e-mail: investor.relations@asetek.com