Asetek A/S

Transaction in Own Shares • Sep 16, 2020

Asetek A/S Announces Transactions Carried Out Under the Current Share Buyback Programme in Accordance With the "Safe Harbour Method"

September 15, 2020 - On May 19, 2020, Asetek A/S launched a share buyback programme, as described in company announcement of May 19, 2020. According to the programme, Asetek A/S will in the period until September 30, 2020 buy back own shares up to a maximum value of USD4.5 million and with a maximum of 1,038,082 shares. The share buyback programme will be implemented in accordance with Regulation (EU) no. 596/2014 of 16thApril 2014 of the European Parliament and Council and ommission Delegated Regulation (EU) no. 2016/1052, also referred to as the Safe Harbour rules.

Trading day		Number of shares bought back	Average purchase price (NOK)	Amount (USD)
Total, latest announcement			584,704	61.5261	3,856,210.56
78:	7 September 2020		4,919	82.8886	45,706.42
79:	8 September 2020		3,951	81.3397	35,383.18
80:	9 September 2020		5,000	77.5749	42,898.92
81:	10 September 2020		4,957	76.8426	42,509.42
82:	11 September 2020		4,793	78.7639	41,753.20
37/2020 Total accumulated over week		23,620	79.3988	208,251.15
Total accumulated during the share buy-back programme		608,324	62.2201	4,064,461.71

With the transactions stated above, the Company owns a total of 785,922 shares as treasury shares, corresponding to 3.05% of the share capital. See the enclosure for information about the individual transactions made under the share buyback programme.

About Asetek

Asetek is the global leader in liquid cooling solutions for gaming and enthusiast PCs, data centers and servers. Founded in 2000, Asetek is headquartered in Denmark and has operations in California, Texas, China and Taiwan. Asetek is listed on the Oslo Stock Exchange (ASETEK.OL).

www.asetek.com

For further information, please contact:

Peter Dam Madsen, Chief Financial Officer Mobile: +45 2080 7200, e-mail: pdm@asetek.com

Asetek A/S Assensvej 2 DK-9220Aalborg East Denmark