Argeo ASA - Hugin 6000 sale lease-back agreement finalized

27 Nov 2024 12:10 CET

Asker, 27 November 2024: Reference is made to the stock exchange release from
Argeo ASA ("Argeo" or the "Company") (Euronext Oslo Børs: ARGEO) published on 21
October 2024 regarding strategic equipment optimization, including the sale
lease-back for the Hugin 6000 AUV with CSI Leasing.

The leasing agreement with CSI Leasing has now been signed.

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.

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