(Oslo, 2 April 2024) Zalaris ASA (Zalaris, OSE:ZAL), a global provider of
outsourced payroll and HR services, today announces that the Board of Directors
has resolved to initiate a strategic review process.

The purpose of the strategic review is to evaluate structures and opportunities
that could accelerate the company's growth and further enhance customer and
shareholder value. 

ABG Sundal Collier has been appointed as financial advisor.

Zalaris has for several years successfully accelerated the growth of the
portfolio of large agreements for global payroll and HR services to leading
international enterprises. The company delivered a growth of 27% in 2023 and the
year-end annualized revenue exceeded NOK 1.2 billion, with a majority of
recurring revenue. 

There can be no certainty whether or when any initiative, event, or transaction
will materialize.

Contact:

Hans-Petter Mellerud, CEO 
Mobile: +47 928 97 276 
E-mail: [email protected]

Gunnar Manum, CFO 
Mobile: +47 951 79 190 
E-mail: [email protected] 

About
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
1,131 million  (FY 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.