Asker, 9 July 2025: Reference is made to the stock exchange notices by Argeo ASA
(the "Company" or "Argeo") on 4 July and 7 July regarding the Company's
financial situation and the board's resolution to file for bankruptcy.
Further reference is made to the notice on 9 July regarding the Company having
received indication of interest from a significant industrial player, expressing
their interest in conducting a transaction involving Argeo, and the board having
decided to suspend its decision to file for bankruptcy.
The Company has requested Euronext Oslo Børs to uphold the decision to suspend
the trading of its shares until any new information can be provided to the
market regarding the potential bankruptcy process and/or the received indication
of interest.
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.