Zalaris

Director's Dealing • Jun 25, 2021

Mandatory notification of trade by primary insiders and close associates

Mandatory notification of trade by primary insiders and close associates

Oslo, Norway, 25 June, 2021

Reference is made to the announcement by Zalaris ASA ("Zalaris" or the "Company"), on 10 June 2021, regarding the completion of a private placement of 2,322,300 shares in the Company (the "Offer Shares") at a price of NOK 60 per Offer Share at the date hereof (the "Private Placement").

Norwegian Retail AS ("NRAS"), a close associate of the Company's CEO, Hans Petter Mellerud, had entered into a share lending agreement with Arctic Securities AS, on behalf of the managers in the Private Placement, and the Company whereby NRAS lent 2,012,300 shares in the Company to Arctic Securities AS in order to facilitate delivery of listed shares to investors, who were allocated Offer Shares in the Private Placement. Following the registration of the share capital increase pertaining to the Offer Shares in the Norwegian Register of Business Enterprises, and issuance of the Offer Shares in VPS, the borrowed shares have been redelivered to NRAS.

Please refer to the attached notification of trading for further details.

For further information, please contact:

Gunnar Manum, CFO

Mobile: +47 951 79 190

E-mail: gunnar.manum@zalaris.com

About Zalaris:

Zalaris simplify HR and payroll administration, and empower you with useful information so that you can invest more in people. We are a leading service provider of Human Capital Management (HCM) solutions across Europe, serving more than 1.5 million employees monthly with an annual revenue of 78 million Euros (2020). We hold #1 or #2 positions in most of our markets. Our consultants have more than 21 years of experience in transforming HR with our clients. Simplify work life. Achieve more. For more information about us, go to zalaris.com.

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