Argeo AS

Major Shareholding Notification • Mar 24, 2025

Argeo ASA – Disclosure of large shareholding

Argeo ASA – Disclosure of large shareholding

Asker, 24 March 2025: Reference is made to the stock exchange announcement published by Argeo ASA ("Argeo" or the "Company") on 12 February 2025 regarding the successful private placement of new shares in the Company (the "Private Placement") and stock exchange announcement by the Company on 7 March 2025 regarding disclosure of share lending.

In connection with the registration of the share capital increase pertaining to Tranche 2 of the Private Placement, the managers have redelivered a total of 6,118,337 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 2,782,720 shares, representing 5.22% of the shares and votes. Upon redelivery of the borrowed shares, Kistefos' total shareholding is 12,657,720, representing approx. 20.04% of the current issued share capital and votes. Consequently, Kistefos' has crossed above the 10%, 15% and 20% 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.