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