Zalaris - Capital/Financing Update 2025

Zalaris ASA: New Revolving Credit Facility will significantly reduce financing costs

Zalaris (Ticker: ZAL) has secured a EUR 40 million, 3+2-year Revolving Credit

Facility (RCF), from Nordea to refinance its current EUR 40 million senior

secured bond loan (ISIN: NO00128644).

This refinancing is expected to lower annual interest expenses by NOK 16 - 18

million, which translates to an estimated increase in earnings per share of NOK

0.58 - 0.65, based on the leverage ratio as of Q3 2025.

Closing is planned by mid-November; bondholders will receive a redemption notice

in due time.

Contact:

Gunnar Manum, CFO

Mobile: +47 951 79 190

About Zalaris

Zalaris is a trusted global provider of cloud-based Payroll and Human Capital

Management (HCM) solutions, helping international organizations streamline HR

processes with efficiency, transparency, and regulatory compliance.

With over 1,200 skilled #teamZalaris members across 18 countries, we support

organizations in more than 150 countries through one unified, cloud-based

platform - Peoplehub. Our mission is to simplify HR and payroll operations by

offering scalable solutions that reduce administrative complexity, ensure

compliance, and provide actionable insights. By enabling businesses to focus on

their people, we empower them to drive strategic growth and create long-term

value. To learn more, visit zalaris.com.

This information is considered to be inside information pursuant to the EU

Market Abuse Regulation and is subject to the disclosure requirements according

to section 5-12 of the Norwegian Securities Trading Act.

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