Asetek A/S

Asetek - Outcome of Annual General Meeting

- Following the general meeting, the Board of Directors constituted itself with

Mr. Samuel Szteinbaum as chairman and Mr. Chris Christopher as vice chairman.

Aalborg, April 25 2018 - Asetek A/S (OSE: ASETEK) today held the annual general

meeting at its offices in Aalborg, Denmark.

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

Management, and the audited annual report for 2017 was approved.

The Nomination Committee reported on its activities during last year. The

committee noted that the majority of Directors members had made themselves

available for re-election. Mr. Knut Øversjøen was not available for re-election.

The committee proposed the re-election of the following board members as well as

all committee members.

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

Board of Directors is hereinafter composed of the following:

- Samuel Szteinbaum

- Chris J. Christopher

- Jim McDonnell

- Jørgen Smidt

The following were re-elected to the Nomination Committee and the Committee is

hereinafter composed of the following:

- Samuel Szteinbaum

- Ib Sønderby

- Scott Pagel

Following the general meeting, the Board of Directors constituted itself with

Mr. Samuel Szteinbaum as chairman and Mr. Chris Christopher as vice chairman.

Mr. Ib Sønderby is chairman of the Nomination Committee. Mr. Chris Christopher

is chairman of the Audit Committee, and Mr. Samuel Szteinbaum is chairman of the

Compensation Committee.

All proposals were adopted. Item 8.b related to warrants had been withdrawn.

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:

André S. Eriksen, Chief Executive Officer

Mobile: +45 2125 7076, e-mail: [email protected]

Peter Dam Madsen, Chief Financial Officer

Mobile: +45 2080 7200, e-mail: [email protected]

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