Asetek A/S

Share Issue/Capital Change • Sep 15, 2020

Asetek - Share Capital Increase Upon Exercise of Warrants

Reference is made to warrants issued byAsetekA/S, Danish central business register (CVR) no. 34880522 (the "Company"), pursuant to corporate resolutions adopted on October 8, 2013,August 11, 2015, andApril 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 SubscriptionAgreement, at 12 noon.

Each warrant gives the holder the right but not the obligation, to subscribe for one share in the Companyof a nominal value of DKK0.1 at NOK36.50, NOK10.60, and NOK19.50 per share respectively.

The Companyhas nowreceived exercise notices from warrant holders aggregating 68,151 warrants distributed as follows:

	Warrants
Warrants issued on October 8, 2013	50,008
Warrants issued onAugust 11, 2015	9,170
Warrants issued onApril 28, 2016	8,973
Intotal	68,151

The holders of the 68,151 exercised warrants will subscribe for the corresponding 68,151 shares of each nominallyDKK0.10 in the Companyand the Companyhas received the following corresponding subscription price:

	Shares	SubscriptionPrice
Warrants issued on October 8, 2013	50,008	NOK1,825,292.00
Warrants issued onAugust 11, 2015	9,170	NOK97,202.00
Warrants issued onApril 28, 2016	8,973	NOK174,973.50
Intotal	68,151	NOK2,097,467.50

Consequently, the share capital increase resulting from the exercise of the warrants (from nominallyDKK2,636,404.40 bynominallyDKK6,815.10 to nominallyDKK 2,643,219.50) will nowbe registered and the newlyissued shares will be divided between the warrant holders having issued an exercise notice in accordance with the above.

The shareholders' register kept bythe Norwegian central securities depositoryVerdipapirsentralenASAand DNBBankASArespectively, the warrants' register and the articles of association of the Companywill be updated accordingly.

AsetekA/S Peter Dam Madsen Chief Financial Officer

Asetek A/S Assensvej 2 9220Aalborg Denmark