Asetek A/S

Transaction in Own Shares • Nov 10, 2020

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

November 10, 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 USD4 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 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		36,238	77.7217	301,172.76
7:	2 November 2020	5,671	75.8534	44,866.17
8:	3 November 2020	5,941	76.4652	48,471.65
9:	4 November 2020	3,961	79.4550	33,738.12
10:	5 November 2020	4,687	81.7589	41,807.55
11:	6 November 2020	4,914	83.8153	44,893.65
Total accumulated over week 45/2020		25,174	79.2182	213,777.15
Total accumulated during the share buy-back programme		61,412	78.3352	514,949.90

With the transactions stated above, the Company owns a total of 895,659 shares as treasury shares, corresponding to 3.39% 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