Asker, 7 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 on 6 March 2025 regarding the
completion of the extraordinary general meeting.

To facilitate DVP settlement in the Private Placement, Kistefos AS ("Kistefos"),
a close associate ("PCA") of board member Lars Petter Utseth, has entered into a
share lending agreement with Pareto Securities AS and SpareBank 1 Markets AS
(the "Managers"). For settlement of tranche 2, Kistefos has today lent 6,118,337
shares to the Managers under the share lending agreement.

PCA notification pursuant to the EU Market Abuse Regulation Article 19 is
attached.

This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act, EU Market Abuse Regulation Article
19 and Euronext Oslo Rule Book II. 

For more information, please contact: 
Trond Figenschou Crantz, CEO 
Email: [email protected] 
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 of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.