Oslo, 13 October 2021 - Reference is made to the stock exchange announcement
from Kalera AS (the "Company") (Euronext Growth Oslo ticker: KAL, Bloomberg: KAL
NO) published on 1 October 2021 regarding &ever GmbH's acquisition of NOX
Culinary General Trading Company LLC's ("NOX") 50% interest in &ever Middle East
Holding Ltd. (the "JV Transaction"). 

The Company is pleased to announce that the JV Transaction was completed today,
13 October 2021. 

As per the previously announced transaction terms for the JV Transaction, &ever
GmbH has acquired NOX's 50% interest in &ever Middle East Holding Ltd., thereby
becoming the sole shareholder of the company. The total consideration for the
50% interest is EUR 11.55 million, and was settled by a combination of approx.
EUR 1.7 million in cash and 2,724,499 Company shares at a subscription price of
NOK 36.68 per share. The issuance of the consideration shares was resolved by
the Company's board of directors' today pursuant to the authorization to
increase the Company's share capital granted to the board of directors at the
Company's annual general meeting on 23 June 2021. The consideration shares were
subscribed by NOX today, at completion of the JV Transaction, and will be
delivered to NOX following the registration of the share capital increase in the
Norwegian Register of Business Enterprises. The consideration shares are subject
to a twelve-month lock-up after completion.


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 the US
(Orlando, Florida, Atlanta, Georgia and Houston, Texas), Kuwait and Germany 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