Zalaris ASA: Notice of exercise of call option

Zalaris ASA (OSE:ZAL) 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 Bonds 2023/2028  (ISIN NO 0012864448) with original maturity date 28 March 2028, 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 11 November 2025.

Subject to satisfaction of the aforementioned conditions by no later than 11 November 2025, the entire bond issue will be repaid at 104.10% of the Nominal Amount (plus accrued and unpaid interests on the redeemed amount), with settlement date14 November 2025 (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 to Nordic Trustee AS.

· Zalaris ASA - Notice of exercise of call option (https://cdn.sanity.io/files/w441h7ie/production/921c11b34d63d207d4deeea99 e9724dbc304bd85.pdf)

Contact:

Gunnar Manum, CFO Mobile: +47 951 79 190 E-mail: gunnar.manum@zalaris.com 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 subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.