Kalera S.A. — Major Shareholding Notification 2021

May 13, 2021

Kalera – Mandatory notification of trade

Kalera – Mandatory notification of trade

Convexa AS (“Convexa”) has on 12 May 2021 sold 1 166 177 shares (the “Shares”) in Kalera AS (“Kalera” or the “Company”) at a price of NOK 27,10 per Share in a transaction with selected investors. The agreed price is equal to the closing price at the Euronext Growth Oslo on 12 May 2021. Convexa is owned 100 % by Bjorge Gretland who is Chairman of the Board and primary insider in Kalera. Following this transaction, Convexa owns 4 000 000 shares in Kalera.

645 756 shares were sold to Canica AS and 50 000 shares were sold to Maria Sastre.

Canica AS is represented on the Board of Directors of Kalera AS. Following this purchase, Canica AS owns a total of 11 155 412 shares in Kalera.

Maria Sastre is a Board Member of Kalera. Following this purchase, Maria Sastre owns a total of 50 000 shares in Kalera.

Convexa has in connection with the transaction entered into a lock-up agreement with Canica AS in which Convexa has undertaken with Canica AS that it will not without the prior written consent of Canica AS sell any shares in Kalera in a 12-months period from 12 May 2021.

Please refer to the attached notification of trading for further details with respect to the transactions undertaken by the above parties.