Asker, 25 April 2022

Reference is made to the stock exchange announcement on 8 April 2022 from Argeo
AS (the "Company") concerning the issuance of shares pursuant to the exercise of
139,337 warrants (Nw. frittstående tegningsretter) by primary insider Trond F.
Crantz, the Company's CEO.  

The share capital increase pertaining to the exercise of warrants has now been
registered with the Norwegian Register of Business Enterprises, and the
Company's share capital has increased with NOK 13,933.70. The Company's new
registered share capital is NOK 4,258,080 divided on 42,580,800 shares, each
with a nominal value of NOK 0.10 per share. 

For more information, please contact: 
Trond Figenschou Crantz, CEO Argeo 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 of Norway's largest companies in the
field. 

The Company is listed on Euronext Growth Oslo under the ticker code: "ARGEO".

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