Argeo ASA - Major shareholder notification

18 Feb 2025 16:49 CET

Asker, 18.2.2025: Reference is made to the stock exchange announcement published
by Argeo ASA (the "Company") on 12 February 2025 regarding the successful
private placement and allocation of 18,750,000 new shares in the Company at a
subscription price of NOK 8 per offer share (the "Private Placement") and the
stock exchange announcement by the Company on 13 February 2025 regarding
disclosure of share lending.

In connection with the registration of the share capital increase pertaining to
tranche 1 of the Private Placement, the managers have redelivered a total of
8,061,057 borrowed shares to Kistefos AS ("Kistefos"), a close associate ("PCA")
of board member Lars Petter Ottem Utseth.

In addition, the managers have redelivered a total of 813,943 borrowed shares to
Redback AS ("Redback") in connection with the registration of the share capital
increase pertaining to tranche 1 of the Private Placement. Redback is a PCA of
chairman Jan Pihl Grimnes.

PCA notification pursuant to the EU Market Abuse Regulation Article 19 is
attached.

This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act, EU Market Abuse Regulation Article
19 and Euronext Oslo Rule Book II.

More information:
Access the news on Oslo Bors NewsWeb site

639099_Argeo ASA - PCA attachments.pdf