Paratus: Transactions Made Under Share Buyback Program

07 Apr 2025 08:00 CEST

Hamilton, Bermuda, April 7, 2025 - Reference is made to the stock exchange
announcement made by Paratus Energy Services Ltd. (ticker "PLSV") ("Paratus" or
the "Company") on April 2, 2025 regarding the initiation of a repurchase of up
to 1,600,000 shares by way of open market transactions on the Euronext Oslo Børs
(the "Buyback"), pursuant to an agreement with Arctic Securities AS ("Arctic").
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)
April 30, 2025.

For the period from April 2, 2025, to and including April 4, 2025, the Company
purchased a total of 101,000 shares at an average price of NOK 38.0662 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)
2 April 2025 OSE 34,000 39.5231 1,343,787
3 April 2025 OSE 31,000 39.0115 1,209,355
4 April 2025 OSE 36,000 35.8761 1,291,540
Previously - - - -
disclosed
buyback
under the
program
(accumulated)
Accumulated OSE 101,000 38.0662 3,844,682
buyback under
the
program

Following the completion of the above transactions, the Company owns a total of
5,501,000 of own shares, corresponding to 3.24% 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.

More information:
Access the news on Oslo Bors NewsWeb site

643109_Paratus_Appendix_Buyback_Transaction_List_2_4_April_2025.pdf
643109_Paratus_Transactions_Made_Under_Share_Buyback_Program_7_April_2025.pdf