Asetek A/S

Transaction in Own Shares • Sep 24, 2020

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

September 24, 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			608,324	62.2201	4,064,380.16
83:	14 September 2020		4,510	78.5815	39,232.36
84:	15 September 2020		4,953	77.4885	42,486.72
85:	16 September 2020		4,473	77.0463	38,115.87
86:	17 September 2020		5,000	81.3548	44,826.47
87:	18 September 2020		5,000	83.0635	45,809.52
Total accumulated over week 38/2020		23,936	79.5840	210,470.94
Total accumulated during the share buy-back programme			632,260	62.8774	4,274,851.10

With the transactions stated above, the Company owns a total of 809,878 shares as treasury shares, corresponding to 3.14% 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