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"

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 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		380,366	55.8792	2,218,664
43: 20 July 2020		5,000	68.1633	36,809
44: 21 July 2020		5,438	68.3650	40,634
45: 22 July 2020		5,500	64.4169	38,866
46: 23 July 2020		5,445	64.3508	38,228
47: 24 July 2020		5,385	63.5499	37,267
Total accumulated over week	30/2020	26,768	65.7309	191,803
Total accumulated during the share buy-back programme		407,134	56.5269	2,410,467

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