Asetek A/S

Transaction in Own Shares • Aug 25, 2020

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

August 25, 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			507,287	58.2084	3,131,577.23
63:	17August 2020		4,951	76.2644	42,667.11
64:	18August 2020		4,902	83.6278	46,364.61
65:	19August 2020		4,940	83.3811	46,503.81
66:	20August 2020		5,000	82.2190	45,837.09
67:	21August 2020		6,958	76.7444	59,112.42
Total accumulated over week 34/2020		26,751	80.1657	240,485.04
Total accumulated during the share buy-back programme			534,038	59.3083	3,372,062.27

With the transactions stated above, the Company owns a total of 711,656 shares as treasury shares, corresponding to 2.76% 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