Zalaris — Share Issue/Capital Change 2020

Feb 10, 2020

Employee share purchase program

Employee share purchase program

Zalaris ASA ("Zalaris" or the "Company") has completed the annual share purchase

program for employees.

As part of the program, Zalaris has sold 52,460 own shares to employees at a

subscription price of NOK 20.62 per share. Following the sale Zalaris will hold

502,167 own shares. The shares will be transferred to the employees on or about

31 March 2020. The subscription price was based on the volume-weighted average

share price in the period between 18 December to 30 December 2019, less a 20%

discount. To receive the discount the shares have a 12 months lock-up period.

Please refer to the attached list for allocation of shares to primary insiders.

Contact:

Gunnar Manum, CFO

Mobil: +47 95 17 91 90

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

-12 of the Norwegian Securities Trading Act.