Asker, 3 December 2024: Mr. Peter Hooper, the shareholder elected representative
of Shearwater GeoServices Holdings AS ("Shearwater"), has formally tendered his
resignation from the Board of Directors of Argeo ASA ("Argeo"), effective as of
3 December 2024.

Mr. Hooper's resignation came as a natural consequence of Shearwater's block
sale of shares in Argeo announced through a stock exchange notification on 28
November 2024, pursuant to which Shearwater informed its decision to divest its
shareholding in Argeo in order to reallocate capital toward initiatives more
closely aligned with Shearwater's core business focus. Argeo appreciates Mr.
Hooper's dedication and services and wishes him success in all future
endeavours.

Ensuing Mr. Hooper's resignation, the board composition of Argeo remains
compliant with applicable laws and the articles of association.

For more information, please contact: 

Trond Figenschou Crantz, CEO 
Email: trond.crantz@argeo.no 
Phone: +47 976 37 273

About Argeo ASA 

Argeo is a comprehensive subsea service provider, operating across three major
sectors: Oil & Gas, Marine Minerals, and Renewables. The Company offers a unique
package that integrates robust vessels, state-of-the-art autonomous underwater
vehicles (AUVs), advanced sensors, digital imaging technology, and an intuitive
digital platform designed to collect and visualize complex data.  

With their own vessels and high-performance AUVs, Argeo delivers fast and
flexible full-lifecycle services, including survey, inspection, maintenance, and
repair, aimed at improving efficiency and reducing the carbon footprint for
global, industry-leading clients.  

Founded in 2020, Argeo has established offices in Asker (Oslo), Edinburgh,
Houston, and Rio de Janeiro.  
The Company is listed on Euronext Oslo Børs under the ticker: ARGEO. Please
visit www.argeo.no for more information.