Argeo AS

Share Issue/Capital Change • Feb 13, 2025

Argeo ASA: Ex subsequent offering today

Argeo ASA: Ex subsequent offering today

NOT FOR DISTRIBUTION, RELEASE OR REPUBLICATION, DIRECTLY OR INDIRECTLY, TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION, RELEASE OR REPUBLICATION WOULD BE UNLAWFUL

Asker, 13 February 2025. Reference is made to the stock exchange release from Argeo ASA ("Argeo" or the "Company") (Euronext Oslo Børs: ARGEO) published on 12 February 2025 announcing the completion of a private placement of new shares in the Company, raising gross proceeds of NOK 150 million (the "Private Placement") and a contemplated subsequent offering of up to 12,000,000 new shares directed towards eligible shareholders, raising gross proceeds of NOK 96,000,000 million (the "Subsequent Offering").

The shares in Argeo will be traded exclusive the right to participate in the Subsequent Offering (if resolved) as from today, 13 February 2025.

Disclosure regulations

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

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 Oslo Børs (main regulated marketplace on the Oslo Stock Exchange) under the ticker: ARGEO.

Please visit www.argeo.no for more information.