Argeo: Received indication of interest - suspended decision to file for bankruptcy

Asker, 9 July 2025: Reference is made to the stock exchange notices by ArgeoASA(the "Company" or "Argeo") on 4 July and 7 July regarding the Company'sfinancial situation and the board's resolution to file for bankruptcy.

The Company has received an indication of interest from a significantindustrialplayer, expressing their interest in conducting a transaction involving Argeoand/or all or substantial parts of its subsidiaries, including providingfinancing for the continued operations of the Argeo Group.

The board supports pursuing the above interest and has decided to allow theindustrial player the opportunity finalize and confirm a proposed transactiontobe presented to the board and the Company's shareholders. Assuming that theboard remains confident that the indicated interest represents a realisticopportunity for the Company to secure sufficient funding within a realistictimeperiod, it has decided to suspend its decision to file for bankruptcy for thetime being. However, no agreements have been entered into at this time andthereare no guarantees that the process will succeed, and the board is prepared tocontinue with its filing for bankruptcy at any time. No existing debt will beserved by the Company during this period.

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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