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Paratus Energy Services Ltd. Share Buyback Update

Paratus Energy Services Ltd. (ticker: PLSV) has recently made headlines with its decision to initiate a share buyback program. This move follows an announcement made on April 2, 2025, where Paratus revealed plans to repurchase up to 1,600,000 shares via open market transactions on the Euronext Oslo Børs. The buyback is part of an initiative to enhance shareholder value, demonstrating the company's commitment to its investors.

Details of the Buyback

The company has allocated approximately NOK 50 million (equivalent to $5 million) for this repurchase initiative, which commenced on April 2, 2025. Notably, the buyback will continue until either the maximum number of shares is acquired, the financial limit is reached, or until the end date of April 30, 2025.

From April 2 to April 4, 2025, Paratus successfully purchased a total of 101,000 shares at an average price of NOK 38.0662 per share. This was part of the ongoing buyback activities managed under an agreement with Arctic Securities AS, showcasing strategic and planned financial operations by the company.

Transaction Overview

Here’s a detailed look at the transactions carried out during the specified period:

• - April 2, 2025: Paratus acquired 34,000 shares at a weighted average price of NOK 39.5231, totaling NOK 1,343,787.
• - April 3, 2025: The company purchased 31,000 shares at an average price of NOK 39.0115, leading to a transaction value of NOK 1,209,355.
• - April 4, 2025: A further 36,000 shares were acquired at NOK 35.8761, amounting to a total transaction value of NOK 1,291,540.

Following these transactions, Paratus now holds a total of 5,501,000 shares, representing 3.24% of its overall share capital. This update reflects ongoing corporate activities aimed at increasing shareholder wealth and market confidence.

About Paratus Energy Services Ltd.

Paratus Energy Services Limited operates primarily as an investment holding company within the energy sector. The company focuses on strategic investments in various energy services entities, majorly consisting of Fontis Energy and a joint venture with Seagems. Fontis Energy is recognized for its offshore drilling capabilities, operating five advanced jack-up rigs under contract in Mexico. Additionally, Seagems specializes in subsea services, managing a fleet of pipe-laying support vessels contracted in Brazil. Paratus is also the predominant shareholder in Archer Ltd., a global oil services provider listed on the Euronext Oslo Børs.

In summary, the share buyback program symbolizes Paratus's fiscal responsibility and dedication to enhancing shareholder value, indicating that the company is on a solid path toward sustainable growth and profitability. For any inquiries regarding this buyback program or Paratus Energy Services Ltd., interested parties can reach out to Robert Jensen, CEO, and Baton Haxhimehmedi, CFO, via the provided contact details.