Asker, 11 June 2024: Reference is made to the stock exchange release from Argeo
AS ("Argeo" or the "Company") (Euronext Growth: ARGEO) published on 6 June 2024
regarding the annual general meeting having resolved to carry out a share
capital increase (the "Share Capital Increase") of NOK 0,30 through the issuance
of three (3) new shares in the Company in connection with a subsequent reverse
share split. The Share Capital Increase was carried out to achieve a desirable
ratio for the reverse share split resolved upon in the annual general meeting.

The Share Capital Increase has today been registered with the Norwegian Register
of Business Enterprises. The new share capital of the Company is NOK
22,208,174.50 divided into 222,081,745 shares, each with nominal value of NOK
0.10.

Disclosure regulation
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.

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