Argeo ASA: Administrative appeal filed against qualification for four-year contract in South America

04 Jul 2025 08:24 CEST

Asker, 4 July 2025: With reference to Argeo ASA's ("Argeo" or the "Company")
stock exchange releases dated 24 January, 31 March and 2 July 2025 regarding
Argeo's first position in a tender competition for a four-year ROV & AUV Support
Vessel (RSV) contract in South America.

The Company hereby informs that it has been notified that another contractor has
filed an administrative appeal within the permitted timeframe for complaints
challenging the qualification of Argeo Venture.

The Company will disclose further information as soon as more details are
available or when a decision has been made public.

For more information, please contact:
Joost Bakker, CEO
Email: joost.bakker@argeo.no
Phone: +47 90548930

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. 

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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