Paratus Energy Services Ltd.

Transaction in Own Shares • Apr 2, 2025

Paratus Continues Share Buyback

Paratus Continues Share Buyback

Hamilton, Bermuda, April 2, 2025 - Paratus Energy Services Ltd. (ticker "PLSV")

("Paratus" or the "Company")

announces that following the completion of its $20 million share buyback on

March 4, 2025, the Company now intends to repurchase up to 1,600,000 shares by

way of open market transactions on the Euronext Oslo Børs (the "Buyback"). This

marks the next step in deploying the Company's previously announced share

repurchase authorisation of up to $100 million. A total amount of $5 million has

been set aside for the Buyback.  If fully utilized, the Company will at

completion of the Buyback have approximately $75 million of remaining capacity

under its previously announced share repurchase authorisation.

The Buyback will commence on April 2, 2025, and will remain in effect until the

earlier of (i) the acquisition of the maximum number of shares as set above;

(ii) the maximum total consideration as set out above has been reached; or (iii)

April 30, 2025.

Paratus has engaged Arctic Securities AS ("Arctic") to facilitate the Buyback

through open market transactions on Euronext Oslo Børs. Arctic will execute

trades independently of, and uninfluenced by, Paratus, subject to prior

instructions provided by Paratus in the mandate for the Buyback. The final

number of shares to be repurchased, if any, will depend on price and number of

available shares in the market.

The purpose of the Buyback is to provide a return of capital to the Company's

shareholders. The shares acquired will be in whole or in part be held for

treasury or cancelled at the further discretion of the Company's Board. The

Buyback will otherwise be structured to comply with the regulation regarding buy

-back programmes and stabilisation measures (pursuant to the market abuse

regulation (EU Regulation 594/2014).

This information is subject to disclosure pursuant to section 5-12 of the

Norwegian Securities Trading Act.

For further information, please contact:

Robert Jensen, CEO

robert.Jensen@paratus-energy.com

+47 958 26 729

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.

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.