January 20, 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,              202,351        91.9525      2,083,520.76
latest
announcement
53:  11 January      3,000         118.7669      41,651.55
     2021
54:  12 January      3,000         120.6962      42,509.20
     2021
55:  13 January      2,327         120.5468      33,044.36
     2021
56:  14 January      2,610         121.8316      37,394.50
     2021
57:  15 January      3,000         119.5593      41,893.58
     2021
Total               13,937         120.2239      196,493.20
accumulated
over week
2/2021
Total               216,288        93.7743      2,280,013.96
accumulated
during the
share buy
-back
programme

With the transactions stated above, the Company owns a total of 1,050,535 shares
as treasury shares, corresponding to 3.92% 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

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