Argeo AS

Share Issue/Capital Change • Apr 11, 2024

Argeo AS: Notification of transactions by primary insiders and their close associates

Argeo AS: Notification of transactions by primary insiders and their close associates

Asker, 11 April 2024: Reference is made to the stock exchange notice published by Argeo AS (the "Company" or "Argeo") (Euronext Growth: ARGEO) on 11 April 2024 regarding the final results of the subsequent offering of up to 11,000,000 new shares in the Company (the "Subsequent Offering").

Argeo has received the following notifications of transactions from persons discharging managerial responsibilities and their close associates following the Subsequent Offering:

- Ascent AS, a company closely associated with Trond Crantz, Chief Executive Officer and primary insider of the Company, has subscribed for and been allocated a total of 950,000 shares for a price per share of NOK 2.75.

- OER Consulting AS, a company closely associated with Odd Erik Rudshaug, Chief Financial Officer and primary insider of the Company, was allocated a total of 17,729 shares for a price per share of NOK 2.75.

- Kenneth Gundersen, Group Financial Controller and primary insider of the Company, was allocated a total of 7,440 shares for a price per share of NOK 2.75.

- Elisabeth Andenæs, Marketing and Communication Manager and primary insider of the Company, was allocated a total of 2,098 shares for a price per share of NOK 2.75.

- Eurovest AS, a company closely associated with Geir Kaasen, member of the board of directors and primary insider of the Company, was allocated a total of 24,003 shares for a price per share of NOK 2.75.

The notifications concerning the above transactions in the Subsequent Offering are attached hereto.

Disclosure regulation

This information is subject to the disclosure requirements pursuant to the Company's continuing obligations as a company listed on Euronext Growth Oslo and the disclosure requirements pursuant to Regulation EU 596/2014 (MAR) article 19 number 3.

For more information, please contact:

Trond Figenschou Crantz, CEO Argeo AS

Email: trond.crantz@argeo.no

Phone: +47 976 37 273

About Argeo | www.argeo.no

Argeo is an Offshore Service company with a mission to transform the ocean surveying and inspection industry by utilizing 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.