Asetek A/S

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

July 14, 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 (USD)

shares bought purchase price

back (NOK)

Total, 312,655 54.8571 1,781,223

latest

announcement

33: 6 July 2020 10,000 55.7544 59,323

34: 7 July 2020 6,264 56.1954 37,242

35: 8 July 2020 9,428 56.8856 56,957

36: 9 July 2020 6,464 57.0225 39,366

37: 10 July 7,030 59.3301 44,212

2020

Total 28/20 39,186 56.9477 237,099

accumulated 20

over week

Total 351,841 55.0900 2,018,322

accumulated

during the

share buy

-back

programme

With the transactions stated above, the Company owns a total of 529,459 shares

as treasury shares, corresponding to 2.05% 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: [email protected]

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