Asetek A/S

Transaction in Own Shares • Feb 9, 2021

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

February 9, 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 USD4 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 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		253,784	96.8954	2,784,196.94
68:	1 February 2021	5,000	109.1034	63,389.08
69:	2 February 2021	4,500	109.6041	57,164.02
70:	3 February 2021	4,297	108.8193	54,381.48
71:	4 February 2021	4,000	107.3903	49,657.27
72:	5 February 2021	4,000	111.8271	52,379.81
Total accumulated over week 5/2021		21,797	109.3362	276,971.66
Total accumulated during the share buy-back programme		275,581	97.8794	3,061,168.60

With the transactions stated above, the Company owns a total of 1,109,828 shares as treasury shares, corresponding to 4.14% 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-9220Aalborg East Denmark