Argeo AS

Major Shareholding Notification • Feb 18, 2025

Major Shareholding Notification

Major Shareholding Notification

Reference is made to the stock exchange announcement published by Argeo ASA (the "Company") on 12 February 2025 regarding the successful private placement and allocation of 18,750,000 new shares in the Company at a subscription price of NOK 8 per offer share (the "Private Placement") and the stock exchange announcement by the Company on 13 February 2025 regarding disclosure of share lending.

In connection with the registration of the share capital increase pertaining to tranche 1 of the Private Placement, the managers have redelivered a total of 8,061,057 borrowed shares to Kistefos AS ("Kistefos"). During the time of the loan, and prior to redelivery of the shares, Kistefos' shareholding in the Company was reduced to 840,000 shares (held under forward contract), representing 3.15% of the shares and votes. Upon redelivery of the borrowed shares, a total of 6,524,367 shares are redelivered to be held by Kistefos directly and 1,536,690 shares are redelivered to be held under Kistefos' forward contract as announced on 16 August 2024. In total, Kistefos' shareholding is 8,901,057, representing approx. 16.69% of the current issued share capital and votes. Consequently, Kistefos' has crossed above the 5%, 10%, and 15% threshold pursuant to Section 4-2 (1) of the Norwegian Securities Trading Act.

This information is subject to the disclosure requirements pursuant to Section 4-2 and 5-12 of the Norwegian Securities Trading Act and Euronext Oslo Rule Book II.