Argeo AS

Director's Dealing • Apr 26, 2021

Argeo AS - Primary Insider Notification

Argeo AS - Primary Insider Notification

Asker, 26 April 2021: Through Redback AS, Jan P. Grimnes (board member and primary insider) has today acquired 1,219,513 shares (the "Shares") in Argeo AS (the "Company"). The Shares were originally subscribed for as part of a private placement of shares in the Company at a price of NOK 8.20 per share. Following the transaction, Jan P. Grimnes and related parties hold 1,469,512 shares in the Company, corresponding to 5.3% of the outstanding shares. See the attachment for further information.

For further information, please contact:

For more information, please contact:

Trond Figenschou Crantz, CEO

Email: trond.crantz@argeo.no

Phone: +47 976 37 273

Argeo in brief

Argeo is a 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 ("AUVs") will significantly increase efficiency and imaging quality in addition to contribute 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 Infrastructure, Offshore Wind, Oil & Gas and Deep Sea Minerals.

Argeo was established in 2017 and has offices in Asker and Tromsø, Norway. Since its incorporation, Argeo has carried out complex projects for some of Norway’s largest companies in the field.

www.argeo.no