Oslo, 7 October 2021: Reference is made to the announcement by Kalera AS
("Kalera" or the "Company") (Euronext Growth Oslo ticker: KAL, Bloomberg: KAL
NO), where it announced the successful completion of a private placement of
12,000,000 new shares in the Company (the "New Shares") at a price of NOK 25 per
New Share at the date hereof (the "Private Placement"). 

Canica AS ("Canica"), a close associate of Chris Logan (member of the Company's
board of directors), has entered into a share lending agreement with the
managers retained for the Private Placement (the "Managers"), the Company and
Macama AS, whereby Canica will lend 7,908,782 shares in the Company to the
Managers in order to facilitate delivery of listed shares to investors who were
allocated New Shares in the Private Placement. The borrowed shares will be
redelivered to Canica upon the registration of the share capital increase
pertaining to the New Shares in the Norwegian Register of Business Enterprises
and issuance of the New Shares in Euronext VPS. 

Further, Canica was allocated and subscribed for 1,040,000 shares in the Private
Placement. Following this transaction, Canica owns 12,195,412 shares in the
Company.

Please refer to the attached notifications of trading for further details.

For further information, please contact: 

Bjørge Gretland, Chairman 
Email: bgretland@kalera.com 

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

Kalera in brief:

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.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.