ORLANDO, Fla., May 12, 2021 - Kalera (Euronext Growth Oslo ticker KAL,
Bloomberg: KSLLF), one of the fastest-growing US vertical farming companies in
the world and a leader in plant science for producing high-quality produce in
controlled environments, today announced that it moves towards a US listing of
its shares on Nasdaq, which is expected in second half 2021.

Kalera continues to work with its financial advisors in connection with the US
listing process.  Kalera has also engaged Milbank (U.S.), Thommessen (Norway)
and Stibbe (Luxembourg) as counsel to the company.

As part of its preparation for the listing and in order to facilitate the
listing and trading of its common stock  (and not American depositary receipts
(ADRs)) on Nasdaq, Kalera is in the process of establishing a Luxembourg-based
parent company for the group ("LuxCo").  The board of Kalera AS will call for a
general meeting of Kalera AS shareholders to approve a merger of  Kalera AS and
LuxCo, through which Kalera shareholders will receive shares in LuxCo as
consideration for their shares in Kalera AS.

Kalera's vision is to become a global leader in vertical farming of leafy greens
and has recently announced the construction of several new large growing
facilities, all of which remain on schedule and on budget. The company is
planning to announce additional new growing facilities in the near future both
in the US and internationally.

Kalera currently operates two growing facilities in Orlando and a large facility
in Atlanta and is constructing facilities in Houston, Denver, Columbus, Seattle,
Hawaii and Minnesota. Kalera is the only controlled environment agriculture
company with coast-to-coast facilities being constructed, offering grocers,
restaurants, theme parks, airports and other businesses nationwide reliable
access to locally grown clean, safe, nutritious, price-stable, long-lasting
greens. Once all of these farms are operational, the total projected yield is
several tens of millions of heads of lettuce per year, or the equivalent of over
1,000 acres of traditional field farms. Kalera uses a closed-loop irrigation
system which enables its plants to grow while consuming 95% less water compared
to field farming.

Cautionary Statements
This release contains forward-looking statements. All statements other than
statements of historical fact contained in this release constitute
forward-looking statements, including statements regarding our planned U.S.
listing (and related transactions) and our business plans.  

These statements involve known and unknown risks, uncertainties and other
important factors that may cause our actual results, performance or achievements
to be materially different from any future results, performance or achievements
expressed or implied by the forward-looking statements.

We have based these forward-looking statements largely on our current
expectations and projections about future events and financial trends affecting
our business. Forward-looking statements should not be read as a guarantee of
future performance or results, and will not necessarily be accurate indications
of the times at, or by, which such performance or results will be achieved.
Forward-looking statements are based on information available at the time those
statements are made and/or management's good faith belief as of that time with
respect to future events, and are subject to risks and uncertainties that could
cause actual performance or results to differ materially from those expressed in
or suggested by the forward-looking statements.
This release does not constitute an offer of any securities for sale.

About Kalera
Kalera is a technology driven vertical farming company with unique growing
methods combining optimized nutrients and light recipes, precise environmental
controls, and clean room standards to produce safe, highly nutritious,
pesticide-free, non-GMO vegetables with consistently high quality and longer
shelf life year round. The company's high-yield, automated, data-driven
hydroponic production facilities have been designed for rapid rollout with
industry-leading payback times to grow vegetables faster, cleaner, at a lower
cost, and with less environmental impact. 

Kalera's shares are traded on Euronext Growth Oslo with ticker KAL. Further
information about the company may be found at www.kalera.com and
www.kalera.com/investor. 


Kalera Contact:

Bjorge Gretland, Chairman
Email: bgretland@kalera.com

Daniel Malechuk, CEO
Phone: +1 407 574 2382
Email: dmalechuk@kalera.com