ORLANDO, FL, (September 20, 2021) -  Kalera AS (Euronext Growth Oslo: KAL,
Bloomberg: KSLLF), one of the largest and fastest-growing vertical farming
companies in the world and a leader in plant science for producing high-quality
produce in controlled environments, announces several positive developments
including strong Orlando sales momentum, encouraging operating efficiencies in
Atlanta, and receipt of a $1.2M energy efficiency incentive for its new facility
in Houston.


Orlando Experiencing Strong Sales & Production Growth, August Sales up 29%
Compared to June

Kalera's Orlando facility is experiencing strong sales growth as the local
foodservice sector has begun to recover from COVID-19 in addition to further
growth from the retail channel. Orlando's positive Q2 sales trend has continued
so far in both July and August, with the combined months' sales being 69% above
the respective first two months of Q2, and August sales being up 29% compared to
June.  The facility has recently added Disney as a key foodservice customer with
shipments beginning in September 2021.  

 "The recovery in Orlando's foodservice sector has been extremely strong and we
also continue to see solid momentum in retail driven by Publix, a key retail
partner," said Daniel Malechuk, Kalera's CEO.  "Given the current demand trends
and outlook we expect our Orlando capacity utilization to average approximately
70% in Q4 2021."

Kalera's unit costs in Orlando were impacted both by its decision to reduce
output temporarily due to COVID-19's severe impact on foodservice demand and by
operating the facility for both retail and foodservice channels despite being
designed for foodservice only.  A structural retrofit and expansion project is
planned for Orlando in the first half of 2022, which will help the facility to
service both segments together at close to budgeted unit costs.  The Orlando
facility will also add greater micro-greens capacity, a premium product for
which Kalera is experiencing strong demand.    


Atlanta accelerating production ramp-up with strong sales results and additional
gains in operational efficiency 

Kalera's Atlanta facility has accelerated production ramp-up, with a larger than
expected planting capacity due to particularly strong demand from Kroger, the
largest grocer in the U.S.

"The plant size and throughput yield from Atlanta's recent harvests were
extremely encouraging and have exceeded our expectations at this stage of
development" said Malechuk.  "The LED lighting has performed even better since
we upgraded electrical switches in July. We will continue to fine-tune light
recipes to further improve tray yield."

The unit costs per head produced in Atlanta are in line with initial budgeted
unit economics.  The company expects to further ramp up production as demand
increases. Kalera's Atlanta facility is designed to service both retail and
foodservice customers, and contains upgraded lighting and airflow compared to
its Orlando facility. It will have an eventual production capacity of close to
10 million heads per year.


Houston facility first harvest scheduled for first week in October, receives
$1.2 million energy efficiency incentive to lower construction costs

Kalera's Houston facility will be its largest to date, with 25% greater capacity
than Atlanta and 2.5x the output of Kalera's Orlando facility. Houston's first
harvest features multiple varieties of fresh, leafy greens and is scheduled for
the first week of October.

The farm has been awarded an energy efficiency incentive of $1.2 million towards
the capital cost of the facility from CenterPoint Energy, Inc, the utility
company supplying electricity to the farm. "This financial contribution to our
company supports Kalera's local-first approach to sustainability and the
reduction of long-haul trucking in the food supply chain," said Malechuk. 

Kalera is confident that the Houston farm will benefit from multiple production
efficiencies such as improved airflow and lighting, as well as economies of
scale. The company continues to advance and iterate with each additional farm. 

Houston has also been designed to serve both retail and foodservice customers
which require different packaging, while Orlando was designed for 100%
foodservice, despite supplying approximately 50% of its product to retail
because of COVID disruption to Orlando's foodservice market. 

As announced previously, Kalera has added the large US retailer H-E-B as an
initial anchor customer for its Houston facility. H-E-B is the #1 multi-unit
grocery retailer in the state of Texas, operating more than 340 stores.     


For further information:
Daniel Malechuk, CEO
Email: dmalechuk@kalera.com



About Kalera
Kalera AS is a vertical farming company 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. The company has plans to
open more farms in the US, the Middle East and in Asia in the coming months.
More information is available at www.kalera.com. 


Important notice:
Matters discussed in this announcement may constitute forward-looking
statements. Forward-looking statements are statements that are not historical
facts and may be identified by words such as "believe", "expect", "anticipate",
"strategy", "intends", "estimate", "will", "may", "continue", "should" and
similar expressions. The forward-looking statements in this release are based
upon various assumptions, many of which are based, in turn, upon further
assumptions. Although the Company believe that these assumptions were reasonable
when made, these assumptions are inherently subject to significant known and
unknown risks, uncertainties, contingencies and other important factors which
are difficult or impossible to predict and are beyond their control. Actual
events may differ significantly from any anticipated development due to a number
of factors, including without limitation, changes in public sector investment
levels, changes in the general economic, political and market conditions in the
markets in which the Company operates, the Company's ability to attract, retain
and motivate qualified personnel, changes in the Company's ability to engage in
commercially acceptable acquisitions and strategic investments, and changes in
laws and regulation and the potential impact of legal proceedings and actions.
Such risks, uncertainties, contingencies, and other important factors could
cause actual events to differ materially from the expectations expressed or
implied in this release by such forward-looking statements. The Company does not
make any guarantee that the assumptions underlying the forward-looking
statements in this announcement are free from errors nor does it accept any
responsibility for the future accuracy of the opinions expressed in this
announcement or any obligation to update or revise the statements in this
announcement to reflect subsequent events. You should not place undue reliance
on the forward-looking statements in this announcement. 
The information, opinions and forward-looking statements contained in this
announcement speak only as at its date and are subject to change without notice.
The Company does not undertake any obligation to review, update, confirm, or to
release publicly any revisions to any forward-looking statements to reflect
events that occur or circumstances that arise in relation to the content of this
announcement.