Asetek A/S

Transaction in Own Shares • Feb 23, 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"

February 23, 2021 - On October 23, 2020, Asetek A/S launched a share buyback

programme, as described in company announcement of October 23, 2020. According

to the programme, Asetek A/S will in the period until March 5, 2021 buy back own

shares up to a maximum value of USD 4 million and with a maximum of 381,000

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, 296,081 98.6359 3,324,472.69

latest

announcement

78: 15 February 2,882 107.4945 36,866.10

2021

79: 16 February 4,000 108.4276 51,394.68

2021

80: 17 February 3,500 112.5951 46,304.73

2021

81: 18 February 4,000 112.8759 53,232.27

2021

82: 19 February 4,000 111.8473 53,015.62

2021

Total 18,382 110.7869 240,813.41

accumulated

over week

7/2021

Total 314,463 99.3462 3,565,286.10

accumulated

during the

share buy

-back

programme

With the transactions stated above, the Company owns a total of 1,148,710 shares

as treasury shares, corresponding to 4.29% 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