Asker, 6 March 2025: Reference is made to stock exchange announcements by Argeo
ASA ("Argeo" or the "Company") on 13 February 2025 regarding the notice of an
extraordinary general meeting of the Company, and on 12 February, regarding a
successfully completed private placement to raise gross proceeds of NOK 150
million (the "Private Placement") and a contemplated subsequent offering (the
"Subsequent Offering"). 

The extraordinary general meeting in the Company was held today 6 March 2025.
All items on the agenda were approved by the general meeting in accordance with
the proposals by the board. The minutes and voting protocol are attached hereto
and are also available on the Company's website: www.argeo.no. 

Settlement of the Tranche 2 Shares is expected to take place on or about 10
March 2025. The Tranche 2 Shares will be settled through a delivery versus
payment transaction with existing and unencumbered shares in the Company that
are admitted to trading on Euronext Oslo Børs pursuant to a share lending
arrangement between the Company, the Managers, and Kistefos AS. The Tranche 2
Shares are tradable as of this announcement.

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.