Paratus Announces Approval and Publication of Prospectus

12 Nov 2024 13:14 CET

Hamilton, Bermuda, November 12, 2024 - Reference is made to the stock exchange
announcement by Euronext Oslo Børs on 5 November 2024, which announced the
receipt of an application for admission to trading on Euronext Oslo Børs from
Paratus Energy Services Ltd. (the "Company") as a transfer from Euronext Growth
Oslo. Further reference is made to the stock exchange announcement by Euronext
Oslo Børs on 6 November 2024, which announced the resolution to admit the shares
of the Company to trading on Euronext Oslo Børs, subject to the satisfaction of
certain conditions.

The Financial Supervisory Authority of Norway has today approved a prospectus
prepared by the Company in connection with the admission to trading of its
shares on Euronext Oslo Børs. The prospectus will be made available on the
Company's website https://www.paratus-energy.com/investor-relations prior to
commencement of trading on Euronext Oslo Børs. Subject to the satisfaction of
the conditions set by Euronext Oslo Børs, the admission to trading of the
Company's shares on Euronext Oslo Børs is expected on 13 November 2024. The
Company's ticker on Euronext Oslo Børs will be the same as on Euronext Growth
Oslo, "PLSV". No assurance can be given that the conditions for admission to
trading will be satisfied in time or at all.

For more 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
(formerly Seabras). 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 Oslo Stock Exchange.

More information:
Access the news on Oslo Bors NewsWeb site