Notification of transaction by a primary insider

Hamilton, Bermuda, September 10, 2024 - Paratus Energy Services Ltd. (ticker"PLSV") (the "Company") has been notified of an exercise of warrants by thechair of the board of directors and primary insider of the Company, Mei MeiChow.

For further information, please see the attached mandatory notification oftradefor the primary insider. This information is subject to the disclosure requirements in articles 19 oftheRegulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 oftheNorwegian Securities Trading Act.

About ParatusParatus Energy Services Ltd. (ticker: PLSV) is an investment holding companyofa group of leading energy services companies. The Paratus Group is primarilycomprised of its ownership of Fontis and a 50/50 JV interest in Seagems(formerly Seabras). Fontis is an offshore drilling company with a fleet offivehigh-specification jack-up rigs working under contracts in Mexico. Seagems isaleading subsea services company, with a fleet of six multi-purpose pipe-layingsupport vessels under contracts in Brazil. In addition, Paratus is the largestshareholder in Archer Ltd, a global oil services company, listed on the OsloStock Exchange.

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