NOT FOR DISTRIBUTION, RELEASE OR REPUBLICATION, DIRECTLY OR INDIRECTLY, TO U.S.
NEWS WIRE SERVICES OR FOR DISSEMINATION IN OR INTO THE UNITED STATES, AUSTRALIA,
CANADA, HONG KONG OR JAPAN, 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 by Argeo AS ("Argeo" or the "Company") on 19 March 2024 announcing the
completion of a private placement of new shares in the Company, raising gross
proceeds of NOK 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 of NOK 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,
and Singapore. Since its incorporation, Argeo has carried out complex projects
for some of Norway'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.

Click here for more information

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