Argeo ASA: Approval and publication of prospectus

02 Apr 2025 16:07 CEST

Asker, 2 April 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 listing prospectus for the 9,875,000 new shares issued in tranche 2 of the
Private Placement (the "Tranche 2 Shares") was approved by the Financial
Supervisory Authority of Norway today, 2 April 2025 (the "Prospectus"). The
Tranche 2 Shares were issued on a separate ISIN and have not been tradable until
approval of the Prospectus. Following approval of the Prospectus, the Tranche 2
Shares will now be registered in the VPS with the same ISIN as existing shares,
being ISIN NO0013257410. The Prospectus will, subject to regulatory restrictions
in certain jurisdictions, be made available at www.argeo.no.

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 the Norwegian Securities Trading Act.

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