Argeo AS

Director's Dealing • Nov 24, 2023

Argeo AS - Mandatory Notification of Trade for Primary Insiders

Argeo AS - Mandatory Notification of Trade for Primary Insiders

Asker, 24 November 2023: Ascent AS, a company controlled by Trond F. Crantz, CEO of Argeo AS and primary insider, has today bought 1 000 000 (one million) shares at an average share price of 3.1626 in Argeo.

Following the transaction Ascent AS will own 4 646 572 shares in Argeo AS, and Trond F. Crantz will directly own 635 625 warrants in Argeo AS. Please refer to the attached notifications of transactions for further details.

This information is subject to the disclosure requirements pursuant to the Market Abuse Regulation article 19 and section 5-12 of the Norwegian Securities Trading Act.

For more information, please contact:

Trond Figenschou Crantz, CEO Argeo AS

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 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.

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

Please visit www.argeo.no for more information.