Asetek A/S

Transaction in Own Shares • Jan 27, 2021

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

January 27, 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		216,288	93.7743	2,280,013.96
58:	18 January 2021	2,275	115.6883	30,609.10
59:	19 January 2021	2,371	117.1582	32,500.50
60:	20 January 2021	3,576	118.7081	49,878.77
61:	21 January 2021	3,458	121.2656	49,817.17
62:	22 January 2021	2,696	119.7979	38,046.47
Total accumulated over week 3/2021		14,376	118.7942	200,852.01
Total accumulated during the share buy-back programme		230,664	95.3336	2,480,865.97

With the transactions stated above, the Company owns a total of 1,064,911 shares as treasury shares, corresponding to 3.98% 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