Oslo, 22 September 2021 - Reference is made to the stock exchange notice from
Kalera AS (the "Company", Euronext Growth Oslo ticker KAL, Bloomberg: KSLLF)
published on 12 May 2021 regarding the Kalera group's contemplated US listing on
Nasdaq and Luxembourg merger.

The board of directors of the Company and its wholly owned Luxembourg subsidiary
Kalera S.A. ("Kalera LUX") have today entered into a merger plan, pursuant to
which the two entities will be combined through a statutory cross border merger
with Kalera LUX as the surviving entity (the "Merger"). The Merger is being
carried out as a preparatory step for the Kalera group's contemplated US listing
and in order to facilitate the listing and trading of Kalera's common stock (and
not only American depositary receipts (ADRs)) on Nasdaq.

Through the Merger, all of the Company's assets, rights and liabilities will be
transferred to and assumed by Kalera LUX. As merger consideration, the
shareholders of the Company will receive shares in Kalera LUX, where two shares
in the Company give the right to receive one share in Kalera LUX. At completion
of the Merger, each of the Company's shareholders will, for the purpose of
calculating the number of consideration shares, have its shares rounded down to
the nearest even number as Kalera LUX will not issue fractional shares. If a
shareholder already holds an even number of shares, no rounding will be made.
Excess shares, which as a result of this rounding will not be allotted, will be
settled in cash by Kalera LUX and the settlement amount per excess share shall
equal the volume weighted average share price for the Company's shares on
Euronext Growth Oslo during the last ten trading days prior to the effective
date for the Merger.

Completion of the Merger is subject to approval by the shareholders of each of
the Company and Kalera LUX through extraordinary general meetings, expected to
be held in November 2021 (the "EGMs"). The Company will publish the notice for
its EGM through a separate stock exchange notice and such EGM notice will also
be sent to the shareholders of the Company. 

The merger plan, together with the board of directors report on the Merger, the
board of directors of Kalera LUX's report on the Merger and expert statements
prepared by KWC Revisjon AS and Grant Thornton Lux Audit S.A. will be made
available at the Company's website https://kalera.com/ and at the registered
office of the Company and the registered office of Kalera LUX at the same time
as publication of the notice for the Company's EGM. 

Following the registration in the Norwegian Register of Business Enterprises of
the EGM's resolution to approve the Merger, a six weeks creditor notice period
will commence pursuant to Norwegian law. The Merger can first be completed
following the expiry of the creditor notice period and will become effective
upon publication of the minutes of Kalera LUX's EGM on the Recueil électronique
des sociétés et associations in accordance with Luxembourg law. Subsequent to
such publication, a two months creditor protection period will commence pursuant
to Luxembourg law, however the completion and effectiveness of the Merger is not
contingent on the expiry of such creditor protection period. It is expected that
the Merger will be completed and become effective in the beginning of January
2022.

Kalera LUX will apply for a listing of its shares on Euronext Growth Oslo from
the date of completion of the Merger, and the listing on Euronext Growth Oslo is
expected to be continued at least until completion of the planned Nasdaq
listing.


About Kalera
The Kalera Group is a vertical farming group headquartered in Orlando, Florida.
Kalera uses technology to ensure that more people around the world have access
to the freshest, most nutritious, and cleanest products possible. It has spent
several years optimizing plant nutrient formulas and developing an advanced
automation and data acquisition system with Internet of Things, cloud, big data
analytics and artificial intelligence. Kalera currently operates farms in
Orlando, Florida, Atlanta, Georgia and Houston, Texas and the company has plans
to open more farms in the US and also in both the Middle East and Asia in the
coming months. More information is available at www.kalera.com.

Kalera Contact:

Bjorge Gretland, Chairman
Email: bgretland@kalera.com

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