Asetek A/S - Key Information Relating to the Rights Issue

08 Mar 2023 18:33 CET

Reference is made to the stock exchange announcement published by Asetek A/S
(the "Company") on 8 March 2023 regarding a contemplated fully underwritten
rights issue in the Company, to raise gross proceeds of minimum DKK 140 million
(the "Rights Issue").

Key information relating to the Rights Issue is set out below.

Date on which the terms and conditions of the preferential rights issue were
announced: 8 March 2023

Last day including right: 19 April 2023

Ex-date: 20 April 2023

Record date: 21 April 2023

Date of approval: 18 April 2023

Maximum number of new shares: Will be determined and announced on 18 April 2023,
see "Other information" below

Subscription price: Will be determined and announced on 18 April 2023, see
"Other information" below.

Ratio preferential rights: Will be announced on 18 April 2023

Subscription ratio: Will be announced on 18 April 2023

Manager: Carnegie AS and Skandinaviska Enskilda Banken AB (publ)

Will the rights be listed - yes/no: The Company will apply for listing of the
preferential rights on Oslo Børs

ISIN for the preferential rights: Will be announced on 18 April 2023

Other information: The final amount to be raised in the Rights Issue will be
determined by the Company's board of directors in connection with publication of
the prospectus on 18 April 2023, subject to the general meeting's approval of
the proposal to authorise the board of directors to issue new shares and the
board of directors' decision to launch the Rights Issue. The subscription price
for the new shares offered in the Rights Issue will  be based on the theoretical
ex rights price ("TERP"), based on the volume-weighted average price ("VWAP") of
the Company's shares on Oslo Børs on the last trading day prior to the date of
publication of the prospectus prepared in connection with the Rights Issue, less
a discount of at least 40%, to be finally determined by the Company's board of
directors following  consultation with the managers for the Rights Issue.

The final number of new shares being offered, the final discount and the final
subscription price for the new shares to be issued in the Rights Issue, are
expected to be announced through a stock exchange announcement on 18 April 2023
in connection with publication of the prospectus and launch of the Rights Issue.

This information is published in accordance with the requirements of the
Continuing Obligations.

For further information about the Company, please contact:

CEO and Founder André S. Eriksen, +45 2125 7076, email: ceo@asetek.com

CFO Peter Dam Madsen, +45 2080 7200, email: investor.relations@asetek.com

For information about the Rights Issue, please contact the managers:

Carnegie AS, tel +47 22 00 93 60

Skandinaviska Enskilda Banken AB (publ), tel +45 33 28 29 00

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.

IMPORTANT INFORMATION

This announcement does not constitute an offering memorandum or a prospectus as
defined by Regulation (EU) No. 2017/1129 of 14 June 2017, as amended, and
nothing herein contains an offering of securities. No one should purchase or
subscribe for any securities in the Company, except on the basis of information
in the prospectus published by the Company in connection with the offering and
admission of such securities to trading and official listing on Oslo Stock
Exchange. Copies of the prospectus will, following publication be available from
the website of the Company.

This announcement is not an offer to sell or a solicitation of any offer to buy
any securities issued by the Company in any jurisdiction where such offer or
sale would be unlawful and the announcement and the information contained herein
are not for distribution or release, directly or indirectly, in or into such
jurisdictions.

This announcement and the information contained herein are not for distribution
in or into the United States of America (including its territories and
possessions, any state of the United States of America and the District of
Columbia) (the "United States"). This announcement does not constitute, or form
part of, an offer to sell, or a solicitation of an offer to purchase, any
securities in the United States. The securities of the Company have not been and
will not be registered under the U.S. Securities Act of 1933, as amended (the
"Securities Act") and may not be offered or sold within the United States absent
registration or an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act. There is no intention to
register any securities referred to herein in the United States or to make a
public offering of the securities in the  United States.

In any member state of the European Economic Area ("EEA Member State"), other
than Denmark and Norway, this announcement is only addressed to, and is only
directed at, investors in that EEA Member State who fulfil the criteria for
exemption from the obligation to publish a prospectus, including
qualified investors, within the meaning of Regulation (EU) No. 2017/1129 of 14
June 2017, as amended.

This announcement is only being distributed to and is only directed at: (A)
qualified investors, as such term is defined in Article 2 of Regulation (EU)
2017/1129 as it forms part of domestic law by virtue of the European Union
(Withdrawal) Act 2018; and who are also (B)(i) persons outside the United
Kingdom or (ii) investment professionals falling within Article 19(5) of the
U.K. Financial Services and Markets Act 2000 (Financial Promotion) Order 2005
(the "Order") or (iii) high net worth entities falling within Article 49(2)(a) -
(d) of the Order (the persons described in (A) and (B)(i) through (iii) above
together being referred to as "relevant persons"). The securities are only
available to, and any invitation, offer or agreement to subscribe, purchase or
otherwise acquire such securities will be engaged in only with, relevant
persons. Any person who is not a relevant person should not act or rely on this
document or any of its contents.

The Managers and their affiliates are acting exclusively for the Company and no
-one else in connection with the offering. They will not regard any other person
as their respective clients in relation to the offering and will not be
responsible to anyone other than the Company for providing the protections
afforded to their respective clients, nor for providing advice in relation to
the offering, the contents of this announcement or any transaction, arrangement
or other matter referred to herein.

In connection with the offering, the Managers and any of their affiliates,
acting as investors for their own accounts, may subscribe for or purchase shares
and in that capacity may retain, purchase, sell, offer to sell or otherwise deal
for their own accounts in such shares and other securities of the Company
or related investments in connection with the offering or otherwise.
Accordingly, references in the offering memorandum or prospectus, to the
securities being issued, offered, subscribed, acquired, placed or otherwise
dealt in should be read as including any issue or offer to, or subscription,
acquisition, placing or dealing by, such Banks and any of their affiliates
acting as investors for their own accounts. The Managers do not intend to
disclose the extent of any such investment or transactions otherwise than in
accordance with any legal or regulatory obligations to do so.

Matters discussed in this announcement may constitute forward-looking
statements. Forward-looking statements are statements that are not historical
facts and that can be identified by words such as "believe", "expect",
"anticipate", "intends", "estimate", "will", "may", "continue", "should", and
similar expressions. The forward-looking statements in this announcement are
based upon various assumptions, many of which are based, in turn, upon further
assumptions. Although the Company believes that these assumptions were
reasonable when made, these assumptions are inherently subject to significant
known and unknown risks, uncertainties, contingencies and other important
factors which are difficult or impossible to predict and are beyond its control.
Such risks, uncertainties, contingencies and other important factors could cause
actual events to differ materially from the expectations expressed or implied in
this release by such forward-looking statements. The Company expressly disclaims
any obligation or undertaking to release any updates or revisions to the forward
-looking statements set forth herein. Accordingly, the Company urges readers not
to place undue reliance on any of the forward-looking statements set forth
herein. The information, opinions and forward-looking statements contained in
this announcement speak only as at its date, and are subject to change without
notice.

More information:
Access the news on Oslo Bors NewsWeb site

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