Asetek A/S

Share Issue/Capital Change • May 29, 2018

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 and April 28, 2016

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 and NOK 19.50 per share respectively.

The Company has now received exercise notices from warrant holders aggregating

79,161 warrants distributed as follows:

Warrants

Warrants issued on October 8, 2013 19,743

Warrants issued on August 12, 2014 19,587

Warrants issued on August 11, 2015 16,450

Warrants issued on April 28, 2016 23,381

In total 79,161

The holders of the 79,161 exercised warrants will subscribe for the

corresponding 79,161 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 19,743 NOK 720,619.50

Warrants issued on August 12, 2014 19,587 NOK 732,199.30

Warrants issued on August 11, 2015 16,450 NOK 174,370.00

Warrants issued on April 28, 2016 23,381 NOK 455,929.50

In total 79,161 NOK 2,083,118.30

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

warrants (from nominally DKK 2,567,224.00 by nominally DKK 7,916.10 to nominally

DKK 2,575,140.10) 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