Argeo AS

Share Issue/Capital Change • Dec 18, 2023

Argeo AS: New share capital registered after exercise of warrants

Argeo AS: New share capital registered after exercise of warrants

Asker, 18 December 2023: On 28 November 2023 a total of 260,095 warrants was exercised in Argeo AS (the "Company"), each giving the right to one share in the Company. The warrants were exercised at a strike price of NOK 0.282 per share.

Following today's registration of the share capital increase with the Norwegian Register of Business Enterprises of NOK 26,009.50, the Company's share capital is NOK 19 289 992,40, divided into 192 899 924,00 shares, each with a nominal value of NOK 0.10.

Disclosure regulation

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

For more information, please contact:

Trond Figenschou Crantz, CEO Argeo AS

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 utilizing 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, Singapore, Rio and Edinburgh. 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.