Argeo AS

Director's Dealing • Jun 6, 2024

Argeo AS: Notification of transactions by primary insiders and their close associates

Argeo AS: Notification of transactions by primary insiders and their close associates

Asker, 6 June 2024: Reference is made to the stock exchange release from Argeo AS ("Argeo" or the "Company") (Euronext Growth: ARGEO) published on 6 June 2024 regarding completion of the annual general meeting, in which the general meeting resolved to perform a share capital increase (the "Share Capital Increase") in the Company in connection with a subsequent reverse share split. The Share Capital Increase is carried out to achieve a desirable ratio for the reverse share split.

Argeo has received the following notifications of transactions from persons discharging managerial responsibilities and their close associates following the Share Capital Increase:

- Ascent AS, an investment vehicle wholly owned by Argeo's CEO, Trond Crantz, has subscribed for three (3) new shares in the Company at a subscription price of NOK 0.10 per share, equal to the par value of the shares.

The notification concerning the above subscription in connection with the Share Capital Increase is attached hereto.

Disclosure regulation

This information is subject to the disclosure requirements pursuant to the Company's continuing obligations as a company listed on Euronext Growth Oslo and the disclosure requirements pursuant to Regulation EU 596/2014 (MAR) article 19 number 3.

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 Growth Oslo under the ticker: ARGEO.

Please visit www.argeo.no for more information.