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

06 Jun 2024 12:20 CEST

Asker, 6 June 2024: Reference is made to the stock exchange release from Argeo
AS ("Argeo" or the "Company") (Euronext Growth: ARGEO) published on 6 June 2024
regarding completion of the annual general meeting, in which the general meeting
resolved to perform a share capital increase (the "Share Capital Increase") in
the Company in connection with a subsequent reverse share split. The Share
Capital Increase is carried out to achieve a desirable ratio for the reverse
share split.

Argeo has received the following notifications of transactions from persons
discharging managerial responsibilities and their close associates following the
Share Capital Increase:

- Ascent AS, an investment vehicle wholly owned by Argeo's CEO, Trond Crantz,
has subscribed for three (3) new shares in the Company at a subscription price
of NOK 0.10 per share, equal to the par value of the shares.

The notification concerning the above subscription in connection with the Share
Capital Increase 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
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 utilising 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,
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: ARGEO.

Please visit www.argeo.no for more information.

More information:
Access the news on Oslo Bors NewsWeb site

620808_Argeo AS Transaction by primary insider.pdf