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 upon a reverse share split
of the Company's shares (the "Reverse Share Split") in relation to a potential
uplisting to Oslo Børs.

Please note the following key information in relation to the Reverse Share
Split:

- Date on which the corporate action was made public: 23 May 2024
- Date of approval: 6 June 2024
- Reverse split ratio: five (5) old shares give one (1) new share
- Last day including right: 18 June 2024
- Ex-date: 19 June 2024
- Record date: 20 June 2024

In connection with the Reverse Share Split, Argeo's shares will be transferred
to a new ISIN. 

Please note the following key information for the change of ISIN:
- Issuer: Argeo AS
- Previous ISIN: NO0010946593
- New ISIN: NO0013257410
- Date of ISIN change: 19 June 2024

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.