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Regulatory press release

ZAL: Zalaris Expands and Renews Agreement with Siemens AB, for pan-Nordic Payroll Services

11.01.2022, 09.00
Zalaris
Zalaris ASA  has signed a six-year renewal of an agreement to deliver payroll
and transactional Human Resources services to Siemens AB. The agreement expands
the 16-year relationship of Siemens and Zalaris to now complete pan-Nordic
coverage - including Siemens' Danish and Finnish entities.

Zalaris' first contract with Siemens was signed in Sweden with Siemens
Industrial Turbomachinery AB in 2005 followed by contract with Siemens AS in
Norway 2006. Now, the renewal of the payroll Business Process Outsourcing (BPO)
agreement with Zalaris, includes an expansion to cover the whole Nordic region
and the Baltics as an option.

As a part of the agreement, Zalaris will deliver one multi-country payroll
solution (https://zalaris.com/payroll/global-payroll/) based on Zalaris'
PeopleHub (https://zalaris.com/peoplehub/) with one common integration to
Siemens' Workday-based HR system. This supports the implementation of a
harmonised pan-Nordic delivery model and full digitisation of all local master
data processes. As a result of implementing the new expanded agreement, Zalaris
will now deliver fully Managed pan-Nordic Payroll Services to approximately 8
000 Siemens employees  in the Nordics.

"Siemens is, when expanding the already 16-year long partnership with Zalaris, a
great example of a loyal, long term Zalaris customer using the opportunity for
further relationship expansion supporting standardisation, GDPR (General Data
Protection Regulation) compliance, cost reduction and improved capability to
provide first class payroll and transactional HR services to its employees",
says Hans-Petter Mellerud, CEO and founder of Zalaris.

"Furthermore, this new agreement strengthens our commitment to offer solutions
that are fully integrated to our customers HR IT solutions, independent of
whether these are based on Workday, Oracle, SAP SuccessFactors, Catalystone or
other leading systems as this is key to achieve HR operational excellence and
maximisation of cost benefit for the customer" - continues Mellerud.

"We are proud and happy that Siemens renews and expands the partnership with us
and look forward to continue working together", Hans-Petter Mellerud says.

Contact Zalaris:

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

About Zalaris

Zalaris simplify 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 Capital Management (HCM) solutions across Europe, serving more
than 1.5 million employees monthly with an annual revenue of 78 million Euros
(2020). 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 about us, go to zalaris.com.
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