Asker, 02.04.2024 Reference is made to stock exchange announcement from Argeo AS
("Argeo" or the "Company") published on 12 March 2024 "Argeo has signed a USD 39
million contract with an international energy company". Argeo is pleased to
confirm the customer for the project is international energy company
TotalEnergies. 

The work will be carried out by Argeo Venture with commencement described in
earlier announcement and occupy the vessel for the remainder of 2024. More
details will be provided at a later date.

"This contract affirms our capability to provide top-tier deep-water services
and highlights our strong presence within the industry" stated Argeo CEO, Trond
Figenschou Crantz.

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 utilizing 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, Edinburgh, Houston, Rio de Janeiro,
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 The Euronext Growth in Oslo under the ticker: ARGEO. 
Please visit www.argeo.no for more information.