Oslo, 1 June 2022 - Reference is made to the stock exchange announcement
published by Kalera S.A. (the "Company") (Euronext Growth Oslo: KAL) on 31 May
2022 regarding the merger between the Company and Kalera AS (the "Merger"), and
the merger consideration shares issued by the Company in connection with the
Merger.

As disclosed in the abovementioned announcement, a total of 105,719,452 new
shares was issued by the Company to deliver merger consideration shares to the
shareholders of Kalera AS. The final number of merger consideration shares
following rounding is 105,719,212, and as a result, a total of 240 shares of the
Company were not allocated to shareholders and have been canceled. The
shareholders of the Company received their respective merger consideration
shares through the Norwegian Central Securities Depository (VPS) on 31 May 2022.

The Company's new share capital following the share cancelation is EUR
1,057,192.12 divided into 105,719,212 shares, each with a nominal value of EUR
0.01.


About Kalera
Kalera 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 available. 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 capabilities. Kalera currently operates farms in the
US (in Orlando, Florida