Asetek A/S

Asetek - Share Capital Increase to Issue Shares as Consideration to Granite Devices Oy.

Aalborg, Denmark, 4 January 2021 - Asetek A/S today announces the issuance of

consideration shares to Finland-based Granite Devices Oy (translated Inc.).

adopted by the board of directors. Reference is made to the announcement of the

IP Agreement with Granite Devices Oy. 1 January 2021 and the subsequent

correction of transaction currency dated January 4 2021.

Asetek will as a part of the capital transaction pay a total consideration of

EUR 6.8 million, of which EUR 3.4 million is paid in cash and the remaining

consideration in the form of newly issued shares in Asetek.

Asetek's issue of new shares is directed towards Granite Devices Oy. The EUR 3.4

million has been exchanged to NOK prior to Granite Devices Oy. subscription of

the new shares. The issuance of shares is completed today, Monday 4 January

The new shares are subscribed for by contribution in kind at the market rate of

shares. The market rate is based on the volume weighted average closing price of

Asetek's shares on the Oslo Stock Exchange during a period of eighteen

consecutive trading days starting on 2 December 2020 through 30 December 2020.

Thus, a total of 348,003 shares of DKK 0.10 are issued at a price per shares of

NOK 103.04.

The new shares are issued pursuant to authority granted by Asetek's shareholders

at the extraordinary general meeting 29 October 2020. The new shares are issued

against contribution in kind without any pre-emptive rights for Asetek's

existing shareholders and no other person or entity than Granite Devices Oy. has

participated in the subscription.

The new shares carries identical rights and the same rights as all other shares

issued by Asetek. The new shares entitles the holder to receive dividend from

the date of issue. Granite Devices Oy. has in the IP Agreement accepted certain

lock-up periods for the newly issued shares.

Asetek's share capital before the capital increase amounted to DKK 2,643,295.70

(equal to 26,432,957 shares of DKK 0.10 each) and after completion of the

capital increase amounts to DKK 2,678,096.00. The newly issued shares correspond

to 1.3 percent of Asetek's share capital after completion of the issuance.

About Asetek

Asetek, the creator of the all-in-one liquid cooler, is the global leader for

liquid cooling solutions for high performance gaming and enthusiast PCs, and

environmentally aware data centers. Founded in 2000, Asetek is headquartered in

Denmark and has operations in China, Taiwan and the United States. Asetek is

listed on the Oslo Stock Exchange (ASTK.OL).

www.asetek.com

For further information, please contact:

CEO and Founder André S. Eriksen

+45 2125 7076, email: [email protected]

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