Argeo AS

Share Issue/Capital Change • Feb 18, 2025

Argeo ASA: New share capital registered

Argeo ASA: New share capital registered

Asker, 18 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").

The board of directors resolved on 12 February 2025 to issue the shares allocated in Tranche 1 of the Private Placement pursuant to an authorisation granted to the board by the general meeting in the Company held on 6 June 2024.

The share capital increase related to Tranche 1 of the Private Placement has today been registered with the Norwegian Register of Business Enterprises. The new share capital of the Company is NOK 26,650,674.50 divided into 53,301,349 shares, each with nominal value of NOK 0.50.

For more information, please contact:

Trond Figenschou Crantz, CEO

Email: trond.crantz@argeo.no

Phone: +47 976 37 273

About Argeo ASA

Argeo is a comprehensive subsea service provider, operating across three major sectors: Oil & Gas, Marine Minerals, and Renewables. The Company offers a unique package that integrates robust vessels, state-of-the-art autonomous underwater vehicles (AUVs), advanced sensors, digital imaging technology, and an intuitive digital platform designed to collect and visualize complex data. 

With their own vessels and high-performance AUVs, Argeo delivers fast and flexible full-lifecycle services, including survey, inspection, maintenance, and repair, aimed at improving efficiency and reducing the carbon footprint for global, industry-leading clients. 

Founded in 2020, Argeo has established offices in Asker (Oslo), Edinburgh, Houston, and Rio de Janeiro. 

The Company is listed on Euronext Oslo Børs under the ticker: ARGEO. Please visit www.argeo.no for more information.

This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.