Paratus Energy Services Ltd.

Transaction in Own Shares • Jun 2, 2025

Paratus: Transactions Made Under Share Buyback Program and Completion of Program

Paratus: Transactions Made Under Share Buyback Program and Completion of Program

Hamilton, Bermuda, June 2, 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 was set aside for the Buyback.

For the period from May 26, 2025, to and including May 28, 2025, the Company

purchased a total of 117,500 shares at an average price of NOK 36.3673 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)

26 May 2025 XOSL 27,000 36.1101 974,973

27 May 2025 XOSL 47,500 36.3275 1,725,556

28 May 2025 XOSL 43,000 36.5728 1,572,633

Previously 1,297,500 35.6386 46,241,148

disclosed

buyback

under the

program

(accumulated)

Accumulated 1,415,000 35.6992 50,514,312

buyback under

the

program

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.

The Buyback commenced on April 2, 2025, and concluded on May 28, 2025. During

this period, the Company repurchased a total of 1,415,000 shares at an average

price of NOK 35.6992 per share, for an aggregate consideration of NOK 50.5

million (approximately $4.8 million).

This marks a step forward in deploying the Company's broader share repurchase

authorization of up to $100 million. Following the completion of the Buyback,

the Company have approximately $75 million of remaining capacity under its

previously announced share repurchase authorisation.

As of the date of this release, the Company owns a total of 6,815,000 of own

shares, corresponding to approximately 4.02% of its issued share capital.

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.