Argeo AS: Fourth quarter update

16 Mar 2023 08:00 CET

Asker, 16 March 2023: The offshore service company, Argeo has published their q4
2022 results and has the pleasure of inviting investors, analysts, and media to
a livestreamed presentation of the update today at the 16th of March at 11.00
CET. The Q4 presentation will be broadcasted live at: www.argeo.no/webcast.
Viewers may submit written questions during and after the presentation.

Q4 Highlights
• NOK 50 million private placement
• NOK 20 million loan granted from Innovation Norway
• 5-year bareboat contract for vessel Argeo Searcher with option to buy
• First contract for Argeo “Argus” is a success with good results
• Argeo Searcher contract work in the North Atlantic for Deep Sea Minerals

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 (“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 The Euronext Growth in Oslo under the ticker: ARGEO.
Please visit www.argeo.no for more information.

More information:
Access the news on Oslo Bors NewsWeb site

585342_Argeo - Q4 22 report.pdf
585342_Argeo - Q4 22 presentation.pdf