Zalaris

Transaction in Own Shares • Dec 22, 2021

Share buy-back in connection with employee share incentive plans

Share buy-back in connection with employee share incentive plans

Oslo, Norway, 22 December 2021

Zalaris ASA (“Zalaris” or the “Company”) has decided to initiate a share buy-back program. The purpose of the buy-back program is to meet obligations arising from the Company’s employee share option program or allocation of shares to employees. The buy-back program will be done in accordance with the authorisation given to the board by the annual general meeting on 20 May 2021.

The maximum total amount allocated to the program is NOK 20 million, and the maximum total number of shares to be acquired is 400,000. The program will commence following this release on 22 December, and continue until the earlier of the maximum number of shares has been acquired, and 31 March 2022.

The Company has appointed ABG Sundal Collier to carry out the share buy-back program on its behalf, and will make its trading decisions in relation to the shares to be acquired independently of, and uninfluenced by Zalaris. The buyback program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and Commission Delegated Regulation (EU) No 2016/1052 ("Safe Harbour Regulation").

Contact:

Gunnar Manum, CFO

Mobil: +47 95 17 91 90

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