NOT FOR DISTRIBUTION, RELEASE OR REPUBLICATION, DIRECTLY OR INDIRECTLY, TOU.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN OR INTOTHE UNITED STATES ,AUSTRALIA ,CANADA ,HONG KONG ORJAPAN , OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION, RELEASE OR REPUBLICATION WOULD BE UNLAWFUL Asker,20 March 2024 . Reference is made to the stock exchange announcement published byArgeo AS ("Argeo" or the "Company") on19 March 2024 announcing the completion of a private placement of new shares in the Company, raising gross proceeds ofNOK 50 million (the "Private Placement") and a contemplated subsequent offering of up to 11,000,000 new shares directed towards eligible shareholders, raising gross proceeds ofNOK 30,250,000 million (the "Subsequent Offering"). The shares in Argeo will be traded exclusive the right to participate in the Subsequent Offering (if resolved) as from today,20 March 2024 . Disclosure regulations This information is subject to a duty of disclosure pursuant to the Company's continuing obligations as a company listed on Euronext Growth Oslo. For more information, please contact:Trond Figenschou Crantz , CEO Email: trond.crantz@argeo.no Phone: +47 976 37 273 About Argeo Argeo is an Offshore Service company with a mission to transform the ocean surveying and inspection industry by utilising autonomous surface and underwater robotics solutions. Equipped with unique sensors and advanced digital imaging technology, the Autonomous Underwater Vehicles (AUV's) will significantly increase efficiency and imaging quality in addition to contributing to significant reduction in CO2 emissions from operations for the global industry in which the Company operates. The Company's highly accurate digital models and digital twin solutions are based on geophysical, hydrographic, and geological methods from shallow waters to the deepest oceans for the market segments Oil & Gas, Renewables, Marine Minerals and Offshore Installations. Argeo was established in 2017 and has offices in Asker (Oslo ), Tromsø,Stockholm ,Houston , andSingapore . Since its incorporation, Argeo has carried out complex projects for some ofNorway's largest companies in the field. The company is listed on Euronext Growth Oslo under the ticker: ARGEO. Please visit www.argeo.no for more information.
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