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Regulatory press release

Argeo: Update on process towards interested parties

Argeo
Asker, 18 July 2025: Reference is made to the stock exchange notices by Argeo
ASA (the "Company" or "Argeo") regarding the Company's critical financial
situation and the board's resolution to postpone its filing for bankruptcy
resulting from receiving indication of interest from various parties.

The Company has during this week continued its discussions with certain
interested parties, including having provided access to certain information
about the Group. As of today, no agreements have been entered into regarding any
potential transaction involving Argeo and how to secure sufficient funding.

The Company will continue pursuing such interest to the extent and as long as it
is deemed to represent a realistic opportunity for the Company to secure
sufficient funding within a realistic time period.

The board acknowledges that the time available for securing a solution is
getting critical and that there are no guarantees that any of the processes will
succeed. The board is prepared to continue with its filing for bankruptcy if the
process fails.

The Company will provide further information in due time.

For more information, please contact:
Jan Grimnes, Chairman
Email: Jan.grimnes@redback.no
Phone: +47 982 30 332

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.
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.

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.
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