Oslo, 17 March 2023

Zalaris ASA has today notified Nordic Trustee AS of the exercise of its call
option for the outstanding bonds in the bond issue "ZALARIS ASA FRN Senior
Secured Callable Open Bond Issue 2018/2023" (ZAL01/ISIN NO 0010832710) with
original maturity date 28 September 2023, and each Bondholder is hereby given
notice thereof. 

The exercise of the call option is conditional upon certain conditions as set
out in the Call Option Notice being satisfied or waived no later than by 28
March 2023. 

Subject to satisfaction of the aforementioned conditions by no later than 28
March 2023, the entire bond issue will be repaid at 100.00% of the Nominal
Amount (plus accrued and unpaid interests on the redeemed amount), with
settlement date 31 March 2023 (being the date falling 10 Business Days after the
date of the Call Option Notice). For information relating to the exercise of the
Call Option etc. reference is made to the attached notice from Nordic Trustee
AS. 

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.

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© Oslo Bors ASA, source Oslo Stock Exchange