Zalaris

Zalaris divest Leipzig office building for NOK 43 million

Zalaris ASA (Zalaris, OSE:ZAL) announces the signing of an agreement to sell its

Leipzig office building for EUR 3.7 million (~NOK 43 million).

The transaction will generate net cash proceeds of approximately NOK 29 million,

following the repayment of debt and other charges relating to the sale. The

transaction will result in a net profit of approximately NOK 11 million and will

be completed in Q1 2024.

"Coming out of Covid, we want to make it more attractive for our team members to

come to work as we see big benefits in terms of building a common culture and

facilitating great teamwork from working more physically together. We have thus

contracted new modern facilities, sized to our current needs, in the Leipzig

city center near the train station, shops, and restaurants." says Hans-Petter

Mellerud, CEO and founder of Zalaris.

"Selling our office building also reflects our strengthened focus on effective

capital allocation and will further improve our cash balance." says Gunnar

Manum, CFO Zalaris.

Contact:

Hans-Petter Mellerud, CEO and founder

Mobile: +47 928 97 276

Gunnar Manum, CFO Zalaris

Mobile: +47 951 79 190

About Zalaris

Zalaris (OSLO: ZAL) simplifies HR and payroll administration and empower

customers with useful information so that they 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

1,069 million (LTM Q3 2023). We hold #1 or #2 positions in most of our markets.

Our consultants have more than 23 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 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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