Hamilton, Bermuda, 26 March 2026 - Please find attached a summons for a written
resolution (the "Summons") in respect of the 9.50% USD 500,000,000 senior
secured bonds 2024/2029 with ISIN NO0013256099 issued by Paratus Energy Services
Ltd. (the "Company"). The purpose of the written resolution is to request the
bondholders' approval for certain amendments to the bond terms in connection
with the transaction announced by the Company on 23 March 2026. Please see the
attached Summons for further background and a complete and detailed description
of the proposed resolutions.
For additional 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 in Mexico. Seagems is a leading subsea services
company, with a fleet of six multi-purpose pipe-laying support vessels in
Brazil.