Notification of Transaction by a Primary Insider

27 Nov 2024 08:42 CET

Hamilton, Bermuda, November 27, 2024 - board member and primary insider of
Paratus Energy Services Ltd. (ticker "PLSV") (the "Company"), Mark Anthony
Lovell Mey, has been awarded 135,000 share options under the Company's long-term
incentive plan. The initial strike price is set at NOK 51.7 per share plus a
performance addition of 7.5% compound annual growth in the vesting period. The
exercise price shall be adjusted for any distribution on the shares made before
the relevant options are exercised. The options will have a five-year term and
will vest in three tranches over three years with one-third each tranche. The
value of each vesting tranche shall be limited to USD 100,000.

For further information, please see the attached mandatory notification of trade
for the primary insider.

This information is subject to the disclosure requirements in articles 19 of the
Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the
Norwegian Securities Trading Act.

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 and a 50/50 JV interest in Seagems
(formerly Seabras). Fontis 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

633267_PDMR_Form_27112024.pdf