Argeo ASA: Trond?F. Crantz steps down as CEO

03 Apr 2025 17:37 CEST

Asker, 3 April 2025 at 17:29 CEST.

The Board of Directors of Argeo ASA ("Argeo" or the "Company") (Euronext Oslo
Børs: ARGEO) has today appointed Jan P. Grimnes to serve as interim CEO of the
Company following a decision that the present CEO, Trond F. Crantz, will step
down as chief executive effective immediately in order to dedicate his time and
focus differently.

The board thanks Mr. Crantz for all his dedication and hard work throughout his
period as CEO, during which Mr. Crantz and the management team has diligently
built and successfully steered the Company from an entrepreneurial growth
venture into the global and most reputable subsea service provider it currently
is, and the board looks forward to cooperating with Mr. Crantz in this new
phase.

"Argeo's standing as a professional and reputable provider of specialized subsea
services, delivering fast and flexible full-lifecycle services to
industry-leading clients with a truly global presence, is in no small part
thanks to Mr. Crantz's good efforts, but as Argeo is now entering a new
strategical phase of operations, further expanding within both the asset and
service sphere, Argeo is equally in need of new competencies and resources to
expertly navigate the Company through new waters", says Jan P. Grimnes, Chairman
of the Board.

The board will initiate a structured process to identify the next permanent CEO
of Argeo.

For more information, please contact:
Jan. P Grimnes, Chairman and acting CEO
Phone: +47 982 30 332
E-mail: jan.grimnes@redback.no

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation (MAR) and is subject to the disclosure requirements
pursuant to MAR article 17 and § 5-12 of the Norwegian Securities Trading Act.
This stock exchange announcement was published by Harald Blaauw, General Counsel
at Argeo ASA, on the date at time provided above.

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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