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"

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 shares bought back	Average purchase price (NOK)	Amount (USD)
Total, latest announcement		44,376	91.6130	516,754.26
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 accumulated over week 20/2021		12,538	94.1094	142,249.88
Total accumulated during the share buy-back programme		56,914	95.8787	659,004.14

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