Asetek A/S

Asetek - Lease contract signed for parts of new HQ and development center

Aalborg, January 12, 2024. Asetek A/S has entered into a lease contract for a

section covering approximately 20% of the space of the Company's new development

center and HQ

The contract is for a fixed three-year period with a call option for two

additional years.

With Asetek's business focus changed away from Data Center, the Company can

proceed with the execution of its growth strategy through the coming five years

in a more optimal office space.

The tenant is an Aalborg-based technology company not affiliated with Asetek.

The lease period starts on October 1, 2024, with an annual rent of approximately

$425k, supporting the expected valuation level of the completed building and the

location.

The new HQ and development center is under construction and set for completion

in mid-2024.

For further information, please contact:

CFO, Peter Dam Madsen, +45 2080 7200, email: [email protected]

Head of Investor Relations, Per Anders Nyman, +45 2566 6869, email:

About Asetek

Asetek (ASTK), a global leader in mechatronic innovation, is a Danish garage-to

-stock-exchange success story. Founded in 2000, Asetek established its

innovative position as the leading OEM developer and producer of the all-in-one

liquid cooler for all major PC & Enthusiast gaming brands. In 2021, Asetek

introduced its line of products for next level immersive SimSports gaming

experiences. Asetek is headquartered in Denmark and has operations in China,

Taiwan and the United States.

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