Special General Meeting Held; Resolution Passed by Shareholders

Hamilton, Bermuda, September 5, 2024 – Paratus Energy Services Ltd. (the "Company") announces that a Special General Meeting of Shareholders was held today at 09:00 (local time), at 4th Floor, Par-la-Ville Place, 14 Par-la-Ville Road, Hamilton, Bermuda.

The following proposal, as set out in the Notice attached to the stock exchange announcement published on 20 August 2024, was approved by the Company’s shareholders at the Special General Meeting:

To reduce the Company’s Share Premium account from US$157,994,017 to US$2,994,017 by the transfer of US$155,000,000 of the Share Premium account to the Company’s Contributed Surplus account with effect on or around 5 September 2024.

This information is subject to the disclosure requirements according to Section 5-12 of the Norwegian Securities Trading Act.