Asetek A/S

Share Issue/Capital Change • Sep 19, 2017

ASETEK - Share Capital Increase upon Exercise of Warrants

ASETEK - Share Capital Increase upon Exercise of Warrants

Reference is made to warrants issued by Asetek A/S, Danish central business

register (CVR) no. 34880522 (the "Company"), pursuant to corporate resolutions

adopted on October 8, 2013, August 12, 2014, August 11, 2015, April 28, 2016 and

April 25, 2017 respectively.

Pursuant to the applicable warrant terms, the warrants are exercisable in

exercise windows open in a four weeks period running from the Company's

preliminary announcement of its financial statements or publication of its

interim financial report however no later than 7 years after the Subscription

Date as specified in the Subscription Agreement, at 12 noon.

Each warrant gives the holder the right but not the obligation, to subscribe for

one share in the Company of a nominal value of DKK 0.1 at NOK 36.50. NOK 33.90,

NOK 10.60, NOK 19.50 and NOK 76.25 per share respectively.

The Company has now received exercise notices from warrant holders (employees in

the subsidiaries Asetek Danmark A/S and Xiamen Asetek Computer Industry Co.,

Ltd.) aggregating 31,045 warrants distributed as follows:

Warrants

Warrants issued on October 8, 2013 12,951

Warrants issued on August 12, 2014 4,461

Warrants issued on August 11, 2015 5,740

Warrants issued on April 28, 2016 6,894

Warrants issued on April 25, 2017 999

In total 31,045

In respect of 5,284 exercised warrants issued on October 8, 2013, the Board of

Directors has, in accordance with the applicable warrant terms, decided to pay

the warrant holders a cash amount (cash settlement) corresponding to the amount

by which the market price of the shares in the Company exceeds the subscription

price, instead of delivering the shares corresponding to the warrants.

The holders of the remaining 25,761 exercised warrants will subscribe for the

corresponding 25,761 shares of each nominally DKK 0.10 in the Company and the

Company has received the following corresponding subscription price:

Shares Subscription Price

Warrants issued on October 8, 2013 7,667 NOK 279,845.50

Warrants issued on August 12, 2014 4,461 NOK 151,227.90

Warrants issued on August 11, 2015 5,740 NOK 60,844.00

Warrants issued on April 28, 2016 6,894 NOK 134,433.00

Warrants issued on April 25, 2017 999 NOK 76,173.75

In total 25,761 NOK 702,524.15

Consequently, the share capital increase resulting from the exercise of the

warrants (from nominally DKK 2,552,189.70 by nominally DKK 2,576.10 to nominally

DKK 2,554,765.80) will now be registered and the newly issued shares will be

divided between the warrant holders having issued an exercise notice in

accordance with the above.

The shareholders' register kept by the Norwegian central securities depository

Verdipapirsentralen ASA and DNB Bank ASA respectively, the warrants' register

and the articles of association of the Company will be updated accordingly.

Asetek A/S

Peter Dam Madsen

Chief Financial Officer