Asetek A/S

ASETEK - Issuance of Warrants

April 24, 2014 - Asetek A/S' board of directors yesterday decided to

issue warrants to key employees in the company and its subsidiaries. The

board's decision is made in accordance with the shareholder

authorization for the board adopted as Article 6.1 of the articles of

association and the company's general guidelines regarding incentive

programs.

A total of 118,210 warrants have been issued for subscription of up to

118,210 shares of a nominal value of DKK 0.10 at an exercise price of

NOK 40.10 per share. The exercise price is established as the share

price ("closing price") for the Company's share as of yesterday. Prior

to the issue of any shares under this program, Asetek A/S has 14,881,311

shares outstanding.

Warrants granted to employees in a Danish company are limited by and

governed by the Danish Act on Options for Employees (the Stock Option

Act/aktieoptionsloven) regarding termination of employment prior to

exercise of warrants.

The warrants become exercisable gradually within a period of 1 to 4

years and the warrants will lapse 7 years after they have been

subscribed.

Under this program the CEO in the Company will receive 24,750 warrants

and the CFO of the Company will receive 10,313 warrants. Other senior

management members will recieve a total of 39,147 warrants, and board

members will receive a total of 44,000 warrants.

The award of warrants will incur consequential amendments to the

articles of association.

About Asetek

Asetek is the world leading provider of energy efficient liquid cooling

systems for data centers, servers, workstations, gaming and high

performance PCs. Its products are used for reducing power and greenhouse

emissions, lowering acoustic noise, and achieving maximum performance by

leading OEMs and channel partners around the globe.

Asetek's products are based upon its patented all-in-one liquid cooling

technology with more than 1.5 million liquid cooling units deployed in

the field. Founded in 2000, Asetek is headquartered in Denmark with

offices in San Jose, California, China and Taiwan. For more information,

visit http://www.asetek.com.

For further information, please contact:

Peter Dam Madsen, Chief Financial Officer

Mobile: +1 408 813 4147, e-mail: [email protected]

AI Terminal