Paratus Energy Services Ltd.

Transaction in Own Shares • May 19, 2025

Paratus: Transactions Made Under Share Buyback Program

Paratus: Transactions Made Under Share Buyback Program

Hamilton, Bermuda, May 19, 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 May 12, 2025, to and including May 16, 2025, the Company

purchased a total of 183,500 shares at an average price of NOK 35.9902 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)

12 May 2025 XOSL 54,000 36.0520 1,946,806

13 May 2025 XOSL 15,000 35.5479 533,219

14 May 2025 XOSL 30,000 35.9099 1,077,296

15 May 2025 XOSL 39,500 35.7685 1,412,855

16 May 2025 XOSL 45,000 36.3115 1,634,017

Previously 963,000 35.6573 34,337,996

disclosed

buyback

under the

program

(accumulated)

Accumulated 1,146,500 35.7106 40,942,190

buyback under

the

program

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

6,546,500 of own shares, corresponding to 3.86% 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.