March 23 (Reuters) - Paratus Energy Services Ltd ( PLSVF )

:

* PARATUS ENERGY SERVICES LTD. ( PLSVF ) ANNOUNCES SALE OF ITS JACK-UP

BUSINESS

* PARATUS ENERGY SERVICES LTD ( PLSVF ) - DEAL PRICE FOR FONTIS IS

$400 MILLION: $148 MILLION CASH, $15 MILLION DEFERRED, $237

MILLION SELLER'S CREDIT

* PARATUS ENERGY SERVICES LTD ( PLSVF ) - PURCHASE PRICE CONSISTS OF:

1. USD 148 MILLION CASH PAYABLE TO PARATUS AT CLOSING, 2. USD 15

MILLION IN A DEFERRED CONSIDERATION

* PARATUS ENERGY SERVICES LTD ( PLSVF ) - CME TO BUY FONTIS MEXICAN

OPERATIONS; CME AND BORR TO BUY SINGAPOREAN RIG ENTITIES

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