Argeo ASA – Disclosure of large shareholding

24 Mar 2025 13:38 CET

Asker, 24 March 2025: Reference is made to the stock exchange announcement
published by Argeo ASA ("Argeo" or the "Company") on 12 February 2025 regarding
the successful private placement of new shares in the Company (the "Private
Placement") and stock exchange announcement by the Company on 7 March 2025
regarding disclosure of share lending.

In connection with the registration of the share capital increase pertaining to
Tranche 2 of the Private Placement, the managers have redelivered a total of
6,118,337 borrowed shares to Kistefos AS ("Kistefos"). During the time of the
loan, and prior to redelivery of the shares, Kistefos' shareholding in the
Company was reduced to 2,782,720 shares, representing 5.22% of the shares and
votes. Upon redelivery of the borrowed shares, Kistefos' total shareholding is
12,657,720, representing approx. 20.04% of the current issued share capital and
votes. Consequently, Kistefos' has crossed above the 10%, 15% and 20% threshold
pursuant to Section 4-2 (1) of the Norwegian Securities Trading Act.

This information is subject to the disclosure requirements pursuant to Section
4-2 and 5-12 of the Norwegian Securities Trading Act and Euronext Oslo Rule Book
II.

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