Paratus Energy Services Ltd.

Paratus Announces Receipt of Payment in Mexico

Hamilton, Bermuda, October 20, 2025 - Paratus Energy Services Ltd. (ticker

"PLSV") ("Paratus" or the "Company"), today announces that its wholly owned

subsidiary Fontis Holdings Ltd. (together with its subsidiaries, "Fontis

Energy") has received payment of approximately USD 58 million[1] towards overdue

invoices from its client in Mexico. This significant collection marks the start

of payments from the fund established by the Mexican government to support

investment projects and ensure timely payments to suppliers by Fontis Energy's

client. Including this receipt, the Company has collected approximately USD 271

million in total so far in 2025.

The Company continues to actively pursue collection of its remaining outstanding

receivables and remains committed to recovering the full amounts due, consistent

with its past practice. While the Company acknowledges the potential for

fluctuations in collection timing going forward, it is encouraged by this

initial payment.

For further information, please contact:

Robert Jensen, CEO

+47 958 26 729

Baton Haxhimehmedi, CFO

+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 in Mexico. Seagems is a leading subsea services

company, with a fleet of six multi-purpose pipe-laying support vessels in

Brazil.

Note: (1) Amount includes Mexican standard VAT rate of 16%.

AI Terminal