Oslo, 18 October 2021: Reference is made to Kalera AS' ("Kalera" or the
"Company") (Euronext Growth Oslo ticker: KAL, Bloomberg: KAL NO) previous stock
exchange announcements regarding the &ever GmbH acquisition, the &ever Middle
East Holding Ltd. acquisition and the NOK 300 million private placement.

The share capital increases related to the three transactions have been
registered with the Norwegian Register of Business Enterprises (Nw.
Foretaksregisteret). Following such registration, the new share capital of the
Company is NOK 2,093,548.19 divided into 209,354,819 shares, each with a par
value of NOK 0.01. 

For more 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.
More information is available at www.kalera.com.

This information is subject to the disclosure requirements of Euronext Growth's
continuing obligations.