Asker,25 April 2022 Reference is made to the stock exchange announcement on8 April 2022 fromArgeo AS (the "Company") concerning the issuance of shares pursuant to the exercise of 139,337 warrants (Nw. frittstående tegningsretter) by primary insiderTrond F. Crantz , the Company's CEO. The share capital increase pertaining to the exercise of warrants has now been registered with theNorwegian Register ofBusiness Enterprises , and the Company's share capital has increased withNOK 13,933.70 . The Company's new registered share capital isNOK 4,258,080 divided on 42,580,800 shares, each with a nominal value ofNOK 0.10 per share. For more information, please contact:Trond Figenschou Crantz , CEOArgeo AS Email: trond.crantz@argeo.no Phone: +47 976 37 273 About Argeo | www.argeo.no Argeo is a company with a mission to transform the ocean surveying and inspection industry by utilizing autonomous surface and underwater robotics solutions. Equipped with unique sensors and advanced digital imaging technology, the Autonomous Underwater Vehicles ("AUVs") will significantly increase efficiency and imaging quality in addition to contribute 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 Infrastructure, Offshore Wind, Oil & Gas and Deep-Sea Minerals. Argeo was established in 2017 and has offices in Asker and Tromsø,Norway . 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 code: "ARGEO".
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