Paratus Energy Services Ltd.

Notice of Dividend Amount • Nov 29, 2024

Key Information Relating to Return of Capital to be Paid by Paratus

Key Information Relating to Return of Capital to be Paid by Paratus

Hamilton, Bermuda, November 29, 2024 - Reference is made to the announcement by

Paratus Energy Services Ltd. (ticker "PLSV") ("Paratus" or the "Company") today

that the Board of Directors has approved a cash distribution to shareholders as

specified below. The distribution will be in the form of return of capital and

will be made from the Company's Contributed Surplus account which consists of

previously paid in share premium transferred from the Company's Share Premium

account.

Please find below the key information relating to the return of capital.

· Return of capital: USD 0.22 per share

· Declared currency: USD

· Last day including right: December 2, 2024

· Ex-date: December 3, 2024

· Record date: December 4, 2024

· Payment date: December 13, 2024

· Date of approval: November 28, 2024

The cash distribution has been declared in USD with actual NOK payments per

share to be determined based on the applicable exchange rate at the time of

conversion, to be set as close as practically possible prior to the payment

date. Payment of cash distribution to shareholders holding shares outside the

Euronext Securities Oslo/VPS will be handled manually.

This information is subject to the disclosure requirements pursuant to section 5

-12 the Norwegian Securities Trading Act.

For further information, please contact:

Baton Haxhimehmedi, CFO Baton.Haxhimehmedi@paratus-energy.com, +47 406 39 083

About Paratus

Paratus Energy Services Ltd. (ticker: PLSV) is an investment holding company of

a group of leading energy services companies. The Paratus Group is primarily

comprised of its ownership of Fontis Energy and a 50/50 JV interest in Seagems

(formerly Seabras). Fontis Energy is an offshore drilling company with a fleet

of five high-specification jack-up rigs working under contracts in Mexico.

Seagems is a leading subsea services company, with a fleet of six multi-purpose

pipe-laying support vessels under contracts in Brazil. In addition, Paratus is

the largest shareholder in Archer Ltd, a global oil services company, listed on

the Euronext Oslo Børs.