Argeo ASA: New share capital registered

18 Feb 2025 11:09 CET

Asker, 18 February 2025. Reference is made to the stock exchange release from
Argeo ASA ("Argeo" or the "Company") (Euronext Oslo Børs: ARGEO) published on 12
February 2025 announcing the completion of a private placement of new shares in
the Company, raising gross proceeds of NOK 150 million (the "Private
Placement").

The board of directors resolved on 12 February 2025 to issue the shares
allocated in Tranche 1 of the Private Placement pursuant to an authorisation
granted to the board by the general meeting in the Company held on 6 June 2024.

The share capital increase related to Tranche 1 of the Private Placement has
today been registered with the Norwegian Register of Business Enterprises. The
new share capital of the Company is NOK 26,650,674.50 divided into 53,301,349
shares, each with nominal value of NOK 0.50.

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.

This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act.

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