Paratus: Transactions Made Under Share Buyback Program

12 May 2025 08:15 CEST

Hamilton, Bermuda, May 12, 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 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)
May 28, 2025.

For the period from May 5, 2025, to and including May 9, 2025, the Company
purchased a total of 205,500 shares at an average price of NOK 34.5894 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)
05 May 2025 XOSL 60,000 34.5738 2,074,431
06 May 2025 XOSL 41,000 34.5995 1,418,580
07 May 2025 XOSL 18,000 34.3951 619,111
08 May 2025 XOSL 31,500 34.4803 1,086,129
09 May 2025 XOSL 55,000 34.7248 1,909,865

Previously 757,500 35.9470 27,229,880
disclosed
buyback
under the
program
(accumulated)

Accumulated 963,000 35.6573 34,337,996
buyback under
the
program

Following the completion of the above transactions, the Company owns a total of
6,363,000 of own shares, corresponding to 3.75% 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

645986_Paratus_Transactions_Made_Under_Share_Buyback_Program_12_05_2025.pdf
645986_Paratus_Appendix_Buyback_Transaction_List_5_9_May_2025.pdf