Paratus Energy Services Ltd.

Paratus Shares Traded Ex-Cash distribution USD 0.22 per share today

Hamilton, Bermuda, March 11, 2025 - Reference is made to the announcement by

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

February 28, 2025, regarding key information relating to the return of capital

to be paid to the Company's shareholders. The shares in Paratus will be traded

ex cash distribution of USD 0.22 per share as from today, 11 March 2025. The

cash distribution will be paid as return of capital on or about 21 March 2025.

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 published in accordance with the requirements of the

Continuing Obligations.

For further information, please contact:

Baton Haxhimehmedi, CFO

+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.

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.

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