Asker, 9 July 2025: Reference is made to the stock exchange notices by Argeo ASA
(the "Company" or "Argeo") on 4 July and 7 July regarding the Company's
financial situation and the board's resolution to file for bankruptcy.

The Company has received an indication of interest from a significant industrial
player, expressing their interest in conducting a transaction involving Argeo
and/or all or substantial parts of its subsidiaries, including providing
financing for the continued operations of the Argeo Group.

The board supports pursuing the above interest and has decided to allow the
industrial player the opportunity finalize and confirm a proposed transaction to
be presented to the board and the Company's shareholders. Assuming that the
board remains confident that the indicated interest represents a realistic
opportunity for the Company to secure sufficient funding within a realistic time
period, it has decided to suspend its decision to file for bankruptcy for the
time being. However, no agreements have been entered into at this time and there
are no guarantees that the process will succeed, and the board is prepared to
continue with its filing for bankruptcy at any time. No existing debt will be
served by the Company during this period. 

The Company will provide further information in due time. 

For more information, please contact: 
Jan Grimnes, Chairman 
Email: [email protected]
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.