Articles of association

ARTICLES OF ASSOCIATION FOR ARGEO AS

(Adopted 20 April 2021)

§ 1     The name of the company is Argeo AS.

§ 2     The Company’s business activities is to offer services, participate and invest
within technological, geological and geophysical activities.

§ 3     The company’s share capital is NOK 2 744 146,30 divided into 27 441 463
shares, each with a nominal value of NOK 0,10.

The shares shall be registered in the Norwegian Register of Securities
(Euronext VPS).

§ 4     The Company’s board consists of 2 to 5 members.

§ 5     For documents concerning issues to be addressed at the general meeting
that are made available to the shareholders on the company’s website, the
statutory requirement that the documents must be sent to the
shareholders does not apply. This also applies to the documents that
pursuant to law must be included in or attached to the notice convening
the general meeting. A shareholder can however demand that such
documents are sent to him.

§ 6     The shares in the Company are freely transferable. Transfer of shares is
not subject to approval from the board of directors and the shareholders
do not have pre-emptive rights.

§ 7     Otherwise, reference is made to the Companies Act.