Paratus Energy Services Ltd.

Transaction in Own Shares • May 5, 2025

Paratus: Transactions Made Under Share Buyback Program

Paratus: Transactions Made Under Share Buyback Program

Hamilton, Bermuda, May 5, 2025 - Paratus Energy Services Ltd. (ticker: "PLSV")

("Paratus" or the "Company") refers to its stock exchange announcements dated

April 2, 2025, regarding the initiation of a repurchase of up to 1,600,000

shares through open market transactions on the Euronext Oslo Børs (the

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

April 25, 2025, regarding the extension of the Buyback timeline. 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)

May 28, 2025.

For the period from April 28, 2025, to and including May 2, 2025, the Company

purchased a total of 176,500 shares at an average price of NOK 36.4282 per

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)

28 April 2025 XOSL 21,500 38.1231 819,647

29 April 2025 XOSL 52,500 36.9464 1,939,687

30 April 2025 XOSL 55,500 36.1430 2,005,939

02 May 2025 XOSL 47,000 35.4109 1,664,311

Previously 581,000 35.8009 20,800,295

disclosed

buyback

under the

program

(accumulated)

Accumulated 757,500 35.9470 27,229,880

buyback under

the

program

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

6,157,500 of own shares, corresponding to 3.63% 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.