Asetek - Proposed changes to the Board of Directors

20 Feb 2023 08:30 CET

Aalborg, February 20, 2023. The nomination committee of Asetek A/S will propose
the election of René Svendsen-Tune to the Company's Board of Directors at the
Annual General Meeting to be held on 28 April 2023.

Svendsen-Tune has extensive global experience as CEO, as a senior executive and
board member from both private and public companies, mainly within the
technology sector, working with growth strategies, innovation and ESG outcomes.
Most recently he was the President and CEO at GN Group and GN Audio.

It is expected that Svendsen-Tune will assume the position as Chairman upon his
election to the Board of Asetek. The current Chairman of the Board, Jukka
Pertola, is expected to remain on the Board as an ordinary director.

Additionally, the nomination committee has been notified by Jørgen Smidt that he
is not available for re-election. He was elected to the board 11 years ago and
is approaching the 12-year term limit recommended by the Danish Committee on
Corporate Governance to uphold independency. The Board of Directors and the
management of Asetek would like to thank Jørgen for his outstanding work. His
contributions have been essential for Asetek to become the leading provider of
liquid cooling solutions for high performance computing and a strong challenger
in the rapidly growing SimSportsT Gaming market.

For further information, please contact:
Peter Dam Madsen, Chief Financial Officer
Mobile: +45 2080 7200
investor.relations@asetek.com

About Asetek

Asetek (ASTK.OL), a global leader in mechatronic innovation, is a Danish garage
-to-stock-exchange success story. Founded in 2000, Asetek established its
innovative position as the leading OEM developer and producer of the all-in-one
liquid cooler for all major PC & Enthusiast gaming brands. In 2013, Asetek went
public while expanding into energy-efficient and environmentally friendly
cooling solutions for data centers. In 2021, Asetek introduced its line of
products for next level immersive SimSports gaming experiences. Asetek is
headquartered in Denmark and has operations in China, Taiwan and the United
States.

This information is subject to the disclosure requirements pursuant to Section 5
-12 of the Norwegian Securities Trading Act.

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