Paratus Energy Services Ltd.

Transaction in Own Shares • Apr 22, 2025

Paratus: Transactions Made Under Share Buyback Program

Paratus: Transactions Made Under Share Buyback Program

Hamilton, Bermuda, April 22, 2025 - Reference is made to the stock exchange

announcement made by Paratus Energy Services Ltd. (ticker "PLSV") ("Paratus" or

the "Company") on April 2, 2025 regarding the initiation of a repurchase of up

to 1,600,000 shares by way of open market transactions on the Euronext Oslo Børs

(the "Buyback"), pursuant to an agreement with Arctic Securities AS ("Arctic").

A total NOK amount equivalent to $5 million has been set aside for the Buyback.

The Buyback commenced 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.

For the period from April 14, 2025, to and including April 16, 2025, the Company

purchased a total of 121,000 shares at an average price of NOK 36.4245 share.

All transactions during the period were carried out under the agreement with

Arctic and comprise all transactions made by or on behalf of the Company.

Please find below the transaction overview:

Transaction

overview

Date Trading Aggregated Daily weighted Total daily

venue daily average share price transaction value

volume (NOK) (NOK)

(number of

shares)

14 April 2025 XOSL 52,000 36.1397 1,879,265

15 April 2025 XOSL 52,000 36.7970 1,913,442

16 April 2025 XOSL 17,000 36.1563 614,657

Previously 339,896 35.0976 11,929,534

disclosed

buyback

under the

program

(accumulated)

Accumulated 460,896 35.4460 16,336,898

buyback under

the

program

Following the completion of the above transactions, the Company owns a total of

5,860,896 of own shares, corresponding to 3.46% of the Company's share capital.

An overview of all transactions made under the Buyback that have been carried

out during the above-mentioned time period is attached to this notice and

available at www.newsweb.no.

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.