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

20 Dec 2022 23:54 CET

Asker, 20 December 2022: Reference is made to the stock exchange announcement
published by Argeo AS (the "Company") (Euronext Growth: ARGEO) on 20 December
2022 regarding the successful completion of a private placement of 30,300,000
new shares in the Company (the "Private Placement").

Argeo has received the following notification of a transaction from persons
discharging managerial responsibilities and their close associates following the
Private Placement:

• Jan Grimnes (through his company Redback AS) was allocated a total of
2,500,000 shares for a price per share of NOK 1.65.

The notification concerning the above transaction in the Private Placement 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 Argeo AS
Email: trond.crantz@argeo.no
Phone: +47 976 37 273

About Argeo | www.argeo.no
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 (“AUVs”) will significantly
increase efficiency and imaging quality in addition to contribute 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.

More information:
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578795_PDMR Notification - JG.pdf