Argeo AS

Share Issue/Capital Change • Jun 11, 2024

Argeo AS: New share capital registered

Argeo AS: New share capital registered

Asker, 11 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 the annual general meeting having resolved to carry out a share capital increase (the "Share Capital Increase") of NOK 0,30 through the issuance of three (3) new shares in the Company in connection with a subsequent reverse share split. The Share Capital Increase was carried out to achieve a desirable ratio for the reverse share split resolved upon in the annual general meeting.

The Share Capital Increase has today been registered with the Norwegian Register of Business Enterprises. The new share capital of the Company is NOK 22,208,174.50 divided into 222,081,745 shares, each with nominal value of NOK 0.10.

Disclosure regulation

This information is subject to a duty of disclosure pursuant to the Company's continuing obligations as a company listed on Euronext Growth Oslo.

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.