Asetek - Mandatory Notification of Trade. CFO Exercises Warrants

25 November 2021 - Chief Financial Officer and primary insider of Asetek A/S,
Peter Dam Madsen has today exercised 50 875 warrants issued on August 11, 2015
with a subscription price of NOK 10.60 per share. The subscription price has
been covered by a cash transfer. Following the transaction, Peter Dam Madsen
owns 157 594 Asetek shares and 241 377 options and warrants.

About Asetek
Asetek, the creator of the all-in-one liquid cooler, is the global leader for
liquid cooling solutions for high performance gaming and enthusiast PCs, and
environmentally aware data centers. Founded in 2000, Asetek is headquartered in
Denmark and has operations in China, Taiwan and the United States. Asetek is
listed on the Oslo Stock Exchange (ASTK.OL).

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
9220  Aalborg
Denmark