Asetek A/S

Transaction in Own Shares • Jul 27, 2020

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

July 20, 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 Commission 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	351,841	55.0900	2,018,322.13
38: 13 July 2020	6,808	61.3233	44,504.33
39: 14 July 2020	7,330	66.1046	51,410.41
40: 15 July 2020	4,801	68.6805	35,413.55
41: 16 July 2020	4,941	66.9300	35,715.72
42: 17 July 2020	4,645	66.5600	33,297.74
Total accumulated over week	29/2020 28,525	65.6141	200,341.74
Total accumulated during the share buy-back programme	380,366	55.8792	2,218,663.87

With the transactions stated above, the Company owns a total of 557,984 shares as treasury shares, corresponding to 2.16% 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