Asetek A/S

ASETEK - Outcome of Annual General Meeting

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

Mr. René Svendsen-Tune as chairman and Mr. Erik Damsgaard as vice chairman.

Aalborg, May 9, 2023 - Asetek A/S (OSE: ASTK) 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 2022 was approved.

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

Nomination Committee's proposed remuneration to be paid to the members of the

Board of Directors were adopted.

The remuneration report for 2022 was adopted.

The proposed candidates were all elected, and the Board of Directors is

hereinafter composed of the following:

· René Svendsen-Tune

· Erik Damsgaard

· Jukka Pertola

· Maria Hjorth

· Maja Frølunde Sand-Grimnitz

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

hereinafter composed of the following:

· Ib Sønderby

· Claus Berner Møller

· René Svendsen-Tune

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

Mr. René Svendsen-Tune as chairman and Mr. Erik Damsgaard as vice chairman.

Mr. Ib Sønderby is chairman of the Nomination Committee. Mrs. Maria Hjorth is

chairman of the Audit Committee, and Mr. René Svendsen-Tune is chairman of the

Remuneration Committee.

PricewaterhouseCoopers, State Authorized Public Accountants were re-elected as

auditors.

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

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

All proposals were adopted.

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For further information, please contact:

Peter Dam Madsen, Chief Financial Officer, Mobile: +45 2080 7200, e

David Pangburn, Corporate Controller, Mobile: +1 (408) 386-3031, email:

Asetek A/S

Assensvej 2

DK-9220 Aalborg East

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