Argeo: Update on process towards interested parties

Asker, 11 July 2025: Reference is made to the stock exchange notices by ArgeoASA (the "Company" or "Argeo") regarding the Company's critical financialsituation and the board's resolution to postpone its filing for bankruptcyresulting from receiving indication of interest.

The Company has received more than one indication of interest from significantindustrial players, expressing their interest in conducting transactionsinvolving Argeo and/or all or substantial parts of its subsidiaries, and theCompany continues pursuing such interest to the extent and as long it isdeemedto represent a realistic opportunity for the Company to secure sufficientfunding within a realistic time period.

There are no guarantees that any of the processes will succeed, and the boardisprepared 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.noPhone: +47 982 30 332

About Argeo ASAArgeo is a comprehensive subsea service provider, operating across three majorsectors: Oil & Gas, Marine Minerals, and Renewables. The Company offers auniquepackage that integrates robust vessels, state-of-the-art autonomous underwatervehicles (AUVs), advanced sensors, digital imaging technology, and anintuitivedigital platform designed to collect and visualize complex data.

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

Argeo has established offices in Asker (Oslo), Edinburgh, Houston, and Rio deJaneiro.

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 section5-12 of the Norwegian Securities Trading Act.

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