Argeo: Notice of Extraordinary General Meeting

21 Dec 2022 10:32 CET

Asker, 21 December 2022: Reference is made to the stock exchange announcement
published by Argeo AS (the "Company" or "Argeo") (Euronext Growth: ARGEO) on 20
December 2022 regarding the successful completion of a private placement of
30,300,000 new shares in the Company at a subscription price of NOK 1.65,
raising gross proceeds of approx. NOK 50 million (the "Private Placement"), and
a proposed subsequent share offering of up to 7,575,758 new shares at the price
of NOK 1.65 per share (the "Subsequent Offering"). The Private Placement
consisted of two tranches, whereby the issuance of 21,783,840 shares in the
second tranche ("Tranche 2") is subject to approval by the Company's general
meeting.

The Company's board of directors (the "Board") hereby calls for an extraordinary
general meeting to be held on 28 December 2022 at 09:00 CET in order to approve
(i) issuance of new shares in Tranche 2 of the Private Placement, and (ii)
granting the Board with an authorisation to issue shares in connection with the
contemplated Subsequent Offering. The extraordinary general meeting of Argeo
will be held at the Company's premises at Nye Vakåsvei 14, 1395 Hvalstad, Norge.


The notice for the extraordinary general meeting, including the Board's proposed
resolutions, the notice of attendance and proxy forms, are attached to this
notice and will be made available on the Company's website: www.argeo.no

Shareholders are encouraged to attend the meeting by granting a proxy to the CEO
within 27 December 2022 at 12:00 CET. Further details are found in the attached
notice.

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.

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.

The Company is listed on Euronext Growth Oslo under the ticker code: "ARGEO".

More information:
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578823_Argeo - EGM Notice.pdf