Zalaris

Earnings Release • May 8, 2020

Increased revenue and EBIT in the first quarter

Increased revenue and EBIT in the first quarter

Zalaris ASA, the provider of Payroll and HR Solutions, today posted first

quarter revenues of NOK 201 million making, an increase of 4% from last year.

Key financial figures for Q1:

.    Revenue of NOK 200.6 million (NOK 192.4 million), an increase of 4.3% from

last year

.    Adjusted EBIT of NOK 13.4 million (NOK 9.3 million), an increase of 44.1%

.    Results for the period of NOK -48.6 million (NOK 6.3 million)

.    Total comprehensive income of NOK 3.9 million (NOK -1.1 million)

Delivering on commitments to customers despite COVID-19 disruptions

Zalaris is delivering as normal on customer commitments with 75% of the

workforce working from home. Home offices and updated labour compliances are the

new normal. Zalaris is in a position to support customers in simplifying HR and

payroll, significantly reduce operating costs, and facilitating re-skilling and

empowering customers with useful and timely information.

Celebrating 20th anniversary and renewing our identity to support our growth

ambitions

"Zalaris is celebrating its 20th anniversary!  This is a time of reflection,

gratitude and appreciation of how far we have come together since the company

started in 2000, with only 1 person in Norway, and we are now more than 800 in

12 countries!" - says CEO and Founder Hans-Petter Mellerud.

"Whilst these are unprecedented times for all of us in the COVID-19 predicament,

we also see this as an opportune time to renew our identity and strengthen our

shared sense of purpose as a team to serve our customers better. We have updated

our mission to: We simplify HR and payroll administration, and empower customers

with useful information so that they can invest more in people." -  Mellerud.

Zalaris will host a webcast for all shareholders and interested parties today at

08:30 CET. There will be a Q&A session following the management presentation.

The first quarter webcast will be available through ir.zalaris.com.

Contact

Hans-Petter Mellerud, CEO and founder

Mobile: +47 928 97 276

E-mail: hans-petter.mellerud@zalaris.com

Gunnar Manum, CFO

Mobil: +47 95 17 91 90

E-mail: gunnar.manum@zalaris.com

About Zalaris

Zalaris (OSLO: ZAL) simplify HR and payroll administration, empower you with

useful information so that you can invest more in people. We are a leading

service provider of Human Experience Management (HXM) solutions across Europe,

serving more than1.5 million employees with an annual revenue of 77 million

Euros (2019). We hold #1 or #2 positions in most of our markets. Our consultants

have more than 20 years of experience in transforming HR with our clients.

Simplify work life. Achieve more. For more information, go to www.zalaris.com

This information is subject to the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.