Zalaris ASA: Notice of exercise of call option

31 Oct 2025 08:38 CET

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/921c11b34d63d207d4deeea9
9
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.

More information:
Access the news on Oslo Bors NewsWeb site

658432_Zalaris_ASA_Notice_of_exercise_of_call_option.pdf