Asetek A/S

Transaction in Own Shares • Dec 1, 2020

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

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

December 1, 2020 - On October 23, 2020, Asetek A/S launched a share buyback

programme, as described in company announcement of October 23, 2020. According

to the programme, Asetek A/S will in the period until March 5, 2021 buy back own

shares up to a maximum value of USD 4 million and with a maximum of 381,000

shares. The share buyback programme will be implemented in accordance with

Regulation (EU) no. 596/2014 of 16th April 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 Average Amount (USD)

shares bought purchase price

back (NOK)

Total, 104,866 81.8762 931,357.54

latest

announcement

22: 23 November 2,973 94.6083 31,024.13

2020

23: 24 November 2,865 92.8362 29,815.88

2020

24: 25 November 2,696 96.7816 29,484.32

2020

25: 26 November 2,938 98.3371 32,560.65

2020

26: 27 November 2,899 98.0991 32,192.87

2020

Total 14,371 96.1292 155,077.85

accumulated

over week

48/2020

Total 119,237 83.5940 1,086,435.39

accumulated

during the

share buy

-back

programme

With the transactions stated above, the Company owns a total of 939,113 shares

as treasury shares, corresponding to 3.55% 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-9220 Aalborg East

Denmark