Argeo: Update on process towards interested parties

11 Jul 2025 22:21 CEST

Asker, 11 July 2025: Reference is made to the stock exchange notices by Argeo
ASA (the “Company” or “Argeo”) regarding the Company’s critical financial
situation and the board’s resolution to postpone its filing for bankruptcy
resulting from receiving indication of interest.

The Company has received more than one indication of interest from significant
industrial players, expressing their interest in conducting transactions
involving Argeo and/or all or substantial parts of its subsidiaries, and the
Company continues pursuing such interest to the extent and as long it is deemed
to represent a realistic opportunity for the Company to secure sufficient
funding within a realistic time period.

There are no guarantees that any of the processes will succeed, and the board is
prepared to continue with its filing for bankruptcy if the process fails.

The Company will provide further information in due time.

For more information, please contact:

Jan Grimnes, Chairman
Email: Jan.grimnes@redback.no
Phone: +47 982 30 332

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.

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

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