Asetek A/S

Remuneration Information • Apr 23, 2020

Asetek - Employee Stock Option Grant

Asetek - Employee Stock Option Grant

Aalborg, April 23, 2020. Asetek A/S' board of directors has on April 21[st],

2020 decided to grant options to key employees in the Company and its

subsidiaries. The decision is made in accordance with the Company's remuneration

policy.

A total of 320,300 options have been granted to purchase shares at a price of

NOK 38.33 per share. The exercise price is established as the share price

("closing price") for the Company's share on the day of the day of grant and the

day after, which was the day of publishing the Q1 2020 report. The options

become exercisable gradually within a period of 4 years and the options will

expire 7 years after the initial grant date.

Executive management was granted 110,025 options, and 89,175 options were

granted to other management members. Other employees, in the Company's

subsidiaries in Denmark, USA and China, were granted a total of 121,100 options.

Obligatory documents filed with the Danish FSA under the EU Market Abuse

Regulations are attached to this release.

About Asetek

Asetek is the global leader in liquid cooling solutions for data centers,

servers and PCs. Founded in 2000, Asetek is headquartered in Denmark and has

operations in California, Texas, China and Taiwan. Asetek is listed on the Oslo

Stock Exchange (ASETEK.OL).

For further information, please contact:

Peter Dam Madsen

Chief Financial Officer

Mobile: +45 2080 7200

investor.relations@asetek.com

John Hamill Notification April

2020 (https://mb.cision.com/Public/6758/3095767/82b50fdc2cd86ae1.pdf)