Luxembourg, May 23rd, 2025 - Constellation Oil Services Holding S.A. (together
with its subsidiaries, "Constellation" or the "Company") announces today that it
has published the 2024 ESG Annual Report. The document communicates company's
developments in terms of governance and the main results achieved in conducting
its business in a way connected to promoting sustainable development. 

"As a company aware of its role in energy transition, the issue of climate
change is imperative in our strategy. We have clear commitments to decarbonize
our operations and support a plural energy matrix. We recognize that oil and gas
will continue to play an essential role in reducing energy poverty and financing
sustainable solutions. Brazilian oil, with its low level of emissions and high
competitiveness, positions the country as a key player in this global
transition", said Mr. Rodrigo Ribeiro, CEO of Constellation, in a statement also
included in the report.

The 2024 ESG Annual Report can be found on the "Sustainability" page of the
Constellation website at www.theconstellation.com."

About Constellation 

Constellation is a market leading provider of offshore oil and gas contract
drilling services through its subsidiary Serviços de Petróleo Constellation S.A.
("Serviços de Petróleo Constellation"). With continuous operations since 1981,
Serviços de Petróleo Constellation has built an unmatched reputation for
excellence in offshore drilling services, obtaining ISO 9001, ISO 14001, ISO
45001, and API Spec Q2 certifications for its quality management, environmental
and safety records and systems. 

NOTICE REGARDING FORWARD-LOOKING STATEMENTS 

Matters discussed in this announcement may constitute forward-looking
statements. Forward-looking statements are statements that are not historical
facts and may be identified by words such as "anticipate", "believe",
"continue", "estimate", "expect", "intends", "may", "should", "will" and similar
expressions. The forward-looking statements in this release are based upon
various assumptions, many of which are based, in turn, upon further assumptions.
Although the Company believes that these assumptions were reasonable when made,
these assumptions are inherently subject to significant known and unknown risks,
uncertainties, contingencies and other important factors which are difficult or
impossible to predict and are beyond its control. Such risks, uncertainties,
contingencies and other important factors could cause actual events to differ
materially from the expectations expressed or implied in this release by such
forward-looking statements. The information, opinions and forward-looking
statements contained in this announcement speak only as at its date, and are
subject to change without notice. 

This announcement is made by, and is the responsibility of, the Company. 

This announcement is for information purposes only and is not to be relied upon
in substitution for the exercise of independent judgment. It is not intended as
investment advice and under no circumstances is it to be used or considered as
an offer to sell, or a solicitation of an offer to buy any securities or a
recommendation to buy or sell any securities of the Company. 

The distribution of this announcement and other information may be restricted by
law in certain jurisdictions. Persons into whose possession this announcement or
such other information should come are required to inform themselves about and
to observe any such restrictions.

This announcement does not constitute or form a part of any offer of securities
for sale or a solicitation of an offer to purchase securities of the company in
the United States or any other jurisdiction. Not for publication, distribution
or release, in whole or in part, directly or indirectly, in or into the United
States of America (including its territories and possessions, any state of the
united states of America and the district of Columbia) (the "united states"),
Australia, Canada, the Hong Kong special administrative region of the people's
republic of China or Japan, or any other jurisdiction in which the publication,
distribution or release would be unlawful.