Argeo AS

Share Issue/Capital Change • Jun 20, 2024

Argeo AS: Registration of reverse share split

Argeo AS: Registration of reverse share split

Asker, 20 June 2024: Reference is made to the stock exchange release from Argeo AS ("Argeo" or the "Company") (Euronext Growth: ARGEO) published on 6 June 2024 regarding completion of the annual general meeting, in which the general meeting resolved a reverse share split of the Company's shares in the ratio of 5:1 (the "Reverse Share Split").

The reverse share split has today been registered with the Norwegian Register of Business Enterprises. Following such registration, the share capital of the Company is NOK 22,208,174.50 divided into 44,416,349 shares, each with a nominal value of NOK 0.50.

For more information, please contact:

Trond Figenschou Crantz, CEO

Email: trond.crantz@argeo.no

Phone: +47 976 37 273

About Argeo

Argeo is an Offshore Service company with a mission to transform the ocean surveying and inspection industry by utilising autonomous surface and underwater robotics solutions. Equipped with unique sensors and advanced digital imaging technology, the Autonomous Underwater Vehicles (AUV’s) will significantly increase efficiency and imaging quality in addition to contributing to significant reduction in CO2 emissions from operations for the global industry in which the Company operates. The Company’s highly accurate digital models and digital twin solutions are based on geophysical, hydrographic, and geological methods from shallow waters to the deepest oceans for the market segments Oil & Gas, Renewables, Marine Minerals and Offshore Installations. Argeo was established in 2017 and has offices in Asker (Oslo), Tromsø, Stockholm, Houston, and Singapore. Since its incorporation, Argeo has carried out complex projects for some of Norway’s largest companies in the field.

The company is listed on Euronext Growth Oslo under the ticker: ARGEO.

Please visit www.argeo.no for more information.