Audit Committee
Members:  Alexander Wong (chairman), Knut Øversjøen

The purpose of the Audit Committee of the Board of Directors (the “Board”) of Asetek A/S (together with its subsidiaries, the “Company”) shall be to:

• Oversee the accounting processes of the Company and audits of the financial statements of the Company;
• Assist the Board in oversight and monitoring of (1) the integrity of the Company’s financial statements, (2) the independent auditor’s qualifications, independence and performance, (3) the Company’s internal accounting and financial controls, and (4) the Company’s compliance with legal or regulatory requirements related to the financial standing and reporting of the Company;
• Provide the Board with the results of its monitoring and recommendations derived therefrom; and
• Provide to the Board such additional information and materials as it may deem necessary to make the Board aware of significant financial matters that require the attention of the Board.

In addition, the Audit Committee will undertake those specific duties and responsibilities listed below and such other duties as the Board may from time to time prescribe.

Remuneration Committee

Members: Sam Szteinbaum (chairman), Alexander Wong, Henri Richard

The purpose of the Compensation Committee of the Board of Directors (the “Board”) of Asetek A/S (together with its subsidiaries, the “Company”) shall be to discharge the Board’s responsibilities relating to compensation of the Company’s executives and administration of benefit plans.

The Committee shall assist the Board in, as applicable, administering and overseeing (i) the Company’s compensation policies, plans and benefit programs, (ii) the administration of the Company’s equity-based plans and (iii) the compensation of the Company’s executive officers.