Asetek A/S

Transaction in Own Shares • Jul 27, 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"

July 27, 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 USD 4.5 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 16th April 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 Average Amount

shares bought purchase price (USD)

back (NOK)

Total, 380,366 55.8792 2,218,664

latest

announcement

43: 20 July 5,000 68.1633 36,809

2020

44: 21 July 5,438 68.3650 40,634

2020

45: 22 July 5,500 64.4169 38,866

2020

46: 23 July 5,445 64.3508 38,228

2020

47: 24 July 5,385 63.5499 37,267

2020

Total 30/2020 26,768 65.7309 191,803

accumulated

over week

Total 407,134 56.5269 2,410,467

accumulated

during the

share buy

-back

programme

With the transactions stated above, the Company owns a total of 584,752 shares

as treasury shares, corresponding to 2.27% 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