Asetek A/S

Transaction in Own Shares • Nov 3, 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"

November 3, 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, 4,431 85.0280 40,727.66

latest

announcement

2: 26 October 2020 6,972 78.7006 59,259.66

3: 27 October 2020 6,000 76.3469 49,976.68

4: 28 October 2020 6,894 75.2812 55,531.78

5: 29 October 2020 6,950 75.6075 54,964.38

6: 30 October 2020 4,991 77.8359 40,712.60

Total 31,807 76.7039 260,445.10

accumulated

over week

44/2020

Total 36,238 77.7217 301,172.76

accumulated

during the

share buy

-back

programme

With the transactions stated above, the Company owns a total of 870,485 shares

as treasury shares, corresponding to 3.29% 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