Kalera S.A. — Share Issue/Capital Change 2021

Oct 18, 2021

Kalera AS: New share capital registered

Kalera AS: New share capital registered

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.