Asetek A/S

Transaction in Own Shares • May 25, 2021

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"

May 25, 2021 - On April 26, 2021, Asetek A/S launched a share buyback programme,

as described in company announcement of April 26, 2021. According to the

programme, Asetek A/S will in the period until September 2, 2021 buy back own

shares up to a maximum value of USD 3 million and with a maximum of 237,100

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, 44,376 91.6130 516,754.26

latest

announcement

15: 18 May 2021 3,000 94.3055 34,487.52

16: 19 May 2021 2,538 93.9564 28,734.59

17: 20 May 2021 3,500 94.0548 39,700.53

18: 21 May 2021 3,500 94.1068 39,327.23

Total 12,538 94.1094 142,249.88

accumulated

over week

20/2021

Total 56,914 95.8787 659,004.14

accumulated

during the

share buy

-back

programme

With the transactions stated above, the Company owns a total of 1,240,851 shares

as treasury shares, corresponding to 4.69% 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 (ASTK.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-9220 Aalborg East

Denmark

This information is subject to the disclosure requirements pursuant to Section 5

-12 of the Norwegian Securities Trading Act. This stock exchange release was

published by Peter Dam Madsen, CFO at Asetek A/S, on May 25, 2021 at 17:30 CEST