Zalaris ASA (Zalaris, OSE:ZAL) reported record-high revenues in the second
quarter of 2023 of NOK 280.5 million, up 33 percent from the same period in
2022, reflecting strong underlying fundamentals.

"The company grew more than 33 percent in the quarter, and 20 percent in
constant currency, and delivered the sixth consecutive quarter with all time
high revenues. We closed the first six month with all-time-high volume of new
signings in Managed Services that in total generated around 90% of our sales
target for the year, and we are well on track to deliver well above our target
of generating NOK 1 billion in revenue by the end of 2023. In fact, we have now
delivered a major milestone of becoming a EUR 100 million run rate company" says
Hans-Petter Mellerud, Chief Executive Officer of Zalaris.

The reported revenues of NOK 280.5 million in the second quarter of 2023
compares to NOK 210.2 million in the second quarter 2022. Adjusted EBIT*,
excluding investment in greenfield Asia-Pacific (APAC) operations launched in
2022, was NOK 22.3 million in the second quarter, compared to NOK 10.2 million
in the second quarter of 2022, an increase of 119%. The reported EBIT ended at
NOK 13.0 million compared to NOK 1.2 million in the second quarter of 2022.

The EBIT improvement project is on track and continues to be Zalaris' number one
priority. The target is for an adjusted EBIT margin of 10% by the end of 2023.

"Over the past two years, we have invested in standardizing and improving our
PeopleHub solution to support customers with global footprints. Including using
AI technology to automate and improve customer service and innovative solutions
to track employees CO2 footprint.   We are confident that our strategy of
providing Global PeopleHub platform-based solutions to mid-market customers with
multi-country needs will support both our tagline "Simplify work life. Achieve
more" and help us sustain our current growth rate and achieving our margin
expansion goals" Mellerud concludes.

Zalaris will host a streamed management presentation at 08:30 CET today followed
by a Q&A session. The webcast will be available on ir.zalaris.com or directly on
Teams (https://teams.microsoft.com/l/meetup
-join/19%3ameeting_ZGEzYTQzOGUtZDk1ZC00ZGZhLTgzMzctMWNhM2QxOTgyZmU5%40thread.v2/
0
?context=%7B%22Tid%22%3A%22a16eb8e2-803d-4f22-849c
-f3f335a60a39%22%2C%22Oid%22%3A%22bf49dddc-8238-4b99-a279
-e3cd579293a1%22%2C%22IsBroadcastMeeting%22%3Atrue%2C%22role%22%3A%22a%22%7D&bty
p
e=a&role=a).

The presentation of the second quarter 2023 financial result and the financial
report are enclosed.

  · Zalaris ASA Q2 2023 Presentation (https://ir.zalaris.com/wp
-content/uploads/sites/3/2023/08/Zalaris-ASA-Q2-2023-Presentation.pdf)
  · Zalaris ASA Q2 2023 Report (https://ir.zalaris.com/wp
-content/uploads/sites/3/2023/08/Zalaris-ASA-Q2-2023-Report.pdf)

* Adjusted EBIT and other alternative performance measures (APMs) are defined
and reconciled to the IFRS financial statements as a part of the APM section of
the second quarter 2023 financial report on page 25 to 27.

Contact:

Hans-Petter Mellerud, CEO
Mobile: +47 928 97 276
E-mail: hans-petter.mellerud@zalaris.com

Gunnar Manum, CFO
Mobile: +47 951 79 190
E-mail: gunnar.manum@zalaris.com

About

Zalaris 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
893 million  (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 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.