Zalaris

Capital/Financing Update • Mar 29, 2023

Exercise of call option

Exercise of call option

Oslo, 29 March 2023

Reference is made to the announcement made on 17 March 2023 where Zalaris ASA notified Nordic Trustee AS of the exercise of its call option for the remaining outstanding bonds under the bond issue "ZALARIS ASA FRN Senior Secured Callable Open Bond Issue 2018/2023" (ZAL01/ISIN NO 0010832710). The exercise of the call option was subject to certain conditions as set out in the Call Option Notice being satisfied no later than on 28 March 2023. We hereby confirm that the conditions to the call option have been satisfied, and all outstanding bonds will be redeemed as planned. The outstanding bonds will be repaid at 100.00% of the Nominal Amount for each redeemed bond (plus accrued and unpaid interests on the redeemed amount), with settlement date on 31 March 2023.

For more information, please contact:

Gunnar Manum, CFO

Mobile: +47 951 79 190

E-mail: gunnar.manum@zalaris.com

About

Zalaris(OSLO: ZAL) simplifies 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 Experience Management (HXM) solutions across Europe, serving more than 1.5 million employees with an annual revenue of NOK 893m (2022). 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, go to www.zalaris.com.

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