Asetek A/S Launches Initial Public Offering

[Apoptosis]

Asetek A/S Launches Initial Public Offering

Bronderslev, 4 March 2013 – The board of directors of Asetek A/S (“Asetek” or the “Company”) has today resolved to offer between 3,600,000 and 4,350,000 New Shares with the aim of raising gross proceeds of up to NOK 144 million (approx. USD 25 million) in the Initial Public Offering (the “Offering”) to be completed in connection with the listing of the Company’s shares on the Oslo Stock Exchange, alternatively Oslo Axess. Furthermore, existing shareholders have resolved to offer up to 2,000,000 Secondary Shares and granted the joint bookrunners an over-allotment option of up to approx. 15% of the base deal. The indicative price range has been set at between NOK 33 to NOK 40 per share, implying a market capitalisation of Asetek prior to the Offering (including conversion of a USD 3 million convertible loan) of between NOK 327 million and NOK 392 million (approx. USD 57 - 68 million).

For further information, please contact:
André S. Eriksen, CEO: +1 408 398 7437
www.asetek.com

About Asetek:

Asetek is the leading provider of energy-efficient liquid cooling systems for data centers, servers, workstations, gaming and high performance PCs. The Company's products are used for reducing power and greenhouse gas emissions, lowering acoustic noise, and achieving maximum performance by leading OEMs and channel partners around the globe. Asetek's products are based upon the Company's patented all-in-one liquid cooling technology, with more than 1.3 million liquid cooling units sold and deployed in the field.