Asker, 19 March 2024. Reference is made to the stock exchange release from Argeo
AS ("Argeo" or the "Company") (Euronext Growth: ARGEO) published on 19 March
2024 regarding the successful completion of a private placement of 18,181,818
new shares in the Company, at a subscription price of NOK 2.75, raising NOK 50
million in gross proceeds (the "Private Placement").

Argeo has received the following notifications of transactions from persons
discharging managerial responsibilities and their close associates following the
Private Placement: 

o	Kistefos AS, a company closely related to board member, Lars Petter Ottem
Utseth, was allocated a total of 3,833,454 shares. 

The notifications concerning the above transactions in the Private Placement are
attached hereto. 

Disclosure regulation 

This information is subject to the disclosure requirements pursuant to the
Company's continuing obligations as a company listed on Euronext Growth Oslo and
the disclosure requirements pursuant to Regulation EU 596/2014 (MAR) article 19
number 3.

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.