Kalray

Capital/Financing Update • Jul 1, 2020

LIQUIDITY CONTRACT STATUS AS OF JUNE 30, 2020

Grenoble, France, July 1 st, 2020 – On June 30, 2020 and according to Kalray's agreement with Gilbert Dupont, the following means were dedicated to the liquidity contract:

• 7,700 shares,
• Cash balance: €178,445.95

Transactions during the second half 2019:

BUY	41,110 shares	€786,255.25	776 transactions
SELL	40,154 shares	€770,120.76	785 transactions

As a reminder, on December 31, 2019, the totals of the liquidity account were:

• • 6,744 shares,
• • Cash balance: €194,580.44

Upon implementation of the the liquidity contract, the means were the following:

• • 0 shares,
• • Cash balance: €250,000.00

ABOUT KALRAY

Kalray (Euronext Growth Paris — FR0010722819 — ALKAL) is the pioneer in processors for new intelligent systems. As a real technological breakthrough, "intelligent" processors have the capability to analyze on the fly, and in an intelligent manner, a very large amount of information, and to make decisions and interact in real time with the outside world. These intelligent processors will be deployed extensively in fast-growing sectors, such as new-generation networks (intelligent data centers) and autonomous vehicles, as well as healthcare equipment, drones, and robots. Kalray's offering encompasses both processors and complete solutions (electronic boards and software). Created in 2008 as a spin-off of CEA ("Commissariat à l'énergie atomique et aux énergies alternatives", the French Alternative Energies and Atomic Energy Commission), Kalray serves customers such as server manufacturers, intelligent system integrators, and consumer product manufacturers, including car makers. For more information, visit www.kalrayinc.com.

CONTACTS FOR INVESTORS Loic Hamon

investors@kalrayinc.com +33 4 76 18 90 71

ACTUS finance & communication Thomas SEGOUIN kalray@actus.fr + 33 1 53 67 36 75

MEDIA CONTACTS Loic Hamon communication@kalrayinc.com +33 4 76 18 90 71

ACTUS finance & communication Serena BONI sboni@actus.fr + 33 4 72 18 04 92

APPENDICE H1 2020

	Buy			Sell
	Number of transactions	Number of shares	Cash balance in EUR	Number of transactions	Number of shares	Cash balance in EUR
TOTAL	776	41 110	786 255,25	785	40 154	770 120,76
02/01/2020	0	1325	26861,46	0	971	20395,27
03/01/2020	8	351	7121,68	7	598	12194,18
06/01/2020	14	942	18916,96	12	424	8614,92
07/01/2020	13	567	12273,68	30	1049	22498,11
08/01/2020	11	555	12448,98	10	505	11440,88
09/01/2020	14	1068	24511,67	14	569	13117,38
10/01/2020	9	493	11085,99	14	390	8836,39
13/01/2020	11	425	9569,9	1	150	3390
14/01/2020	10	507	11119,12	1	167	3674
15/01/2020	15	714	15054,62	2	130	2770
16/01/2020	24	1595	31497,9	5	227	4625,81
17/01/2020	5	175	3295,79	9	183	3472
20/01/2020	13	660	12337,97	2	150	2850
21/01/2020	2	100	1840	24	1062	20365,97
22/01/2020	11	737	14361,4	11	597	11738,99
23/01/2020	0	0	0	33	2685	56336,13
24/01/2020	9	515	10788,48	7	271	5694,2
27/01/2020	19	1443	29734,6	9	734	15317,11
28/01/2020	11	761	15371,59	11	395	8048,01
29/01/2020	3	204	4109,29	8	294	5963
30/01/2020	11	769	15314,02	4	175	3524,75
31/01/2020	12	695	13566,47	11	254	5020,01
03/02/2020	13	590	11339,33	0	0	0
04/02/2020	5	250	4692,5	6	335	6326,24
05/02/2020	0	0	0	26	1540	29974,56
06/02/2020	3	135	2827,99	12	992	20886,06
07/02/2020	12	421	8772,8	7	391	8269,88
10/02/2020	0	0	0	10	410	8915,98
11/02/2020	7	541	11862,07	11	578	12739,99
12/02/2020	12	785	17262,07	19	1114	24833,85
13/02/2020	7	350	7715,02	0	0	0
14/02/2020	7	510	11095	5	360	7887,49
17/02/2020	3	215	4708,5	14	280	6168,01
18/02/2020	12	445	9564,52	5	61	1309,4
19/02/2020	13	684	14307,02	6	155	3296,11
20/02/2020	9	344	7012,41	21	1076	22357,45
21/02/2020	7	402	8353,6	4	190	3976
24/02/2020	11	443	8962,82	0	0	0
25/02/2020	12	544	10531,3	4	455	8845,38
26/02/2020	12	830	15703,27	0	0	0
27/02/2020	3	293	5415,34	3	251	4668,6
28/02/2020	13	370	6428,23	8	217	3780,51
02/03/2020	1	9	158,85	13	598	11007,09
03/03/2020	5	293	5737,35	8	542	10484,01
04/03/2020	5	350	6639,99	4	150	2850

05/03/2020	8	360	6737,26	0	0	0
06/03/2020	14	371	6776,09	2	25	460
09/03/2020	7	267	4413,94	3	265	4547
10/03/2020	4	150	2540	1	65	1124,5
11/03/2020	6	451	7456,25	4	280	4742,7
12/03/2020	7	195	3020,49	0	0	0
13/03/2020	4	90	1266	8	160	2498
16/03/2020	2	130	1803	5	185	2676,54
17/03/2020	6	92	1220,5	2	40	634
18/03/2020	3	100	1350	6	145	2083
19/03/2020	3	80	1160	5	137	2130,6
20/03/2020	2	88	1391,6	0	0	0
23/03/2020	3	127	1962,15	0	0	0
24/03/2020	4	78	1197,3	6	215	3355,51
25/03/2020	3	95	1494	6	276	4396,05
26/03/2020	6	273	4270,51	10	263	4195,64
27/03/2020	3	46	731,4	0	0	0
30/03/2020	14	541	8392,42	8	676	11016,37
31/03/2020	3	125	2045	7	180	2966,99
01/04/2020	3	123	1955,7	0	0	0
02/04/2020	1	123	1943,4	4	135	2141,51
03/04/2020	0	0	0	26	1271	22009,65
06/04/2020	2	111	1892,55	8	515	8913
07/04/2020	7	468	8010,76	2	35	607,25
08/04/2020	0	0	0	8	269	4654
09/04/2020	5	350	5986,26	0	0	0
10/04/2020	0	0	0	0	0	0
13/04/2020	0	0	0	0	0	0
14/04/2020	3	137	2315,3	2	35	595
15/04/2020	3	223	3742,7	3	150	2559,75
16/04/2020	1	303	5105,55	5	162	2745,2
17/04/2020	1	50	845	7	522	8963,63
20/04/2020	12	471	7939,46	13	657	11285,03
21/04/2020	15	849	14775,83	0	0	0
22/04/2020	3	63	1057,5	2	150	2537,51
23/04/2020	10	394	6527,6	1	63	1058,4
24/04/2020	0	0	0	1	100	1640
27/04/2020	0	0	0	11	348	5682,39
28/04/2020	6	127	2060,5	9	572	9434,8
29/04/2020	5	268	4327,7	0	0	0
30/04/2020	1	50	805	7	171	2772,05
01/05/2020	0	0	0	0	0	0
04/05/2020	3	100	1615	5	158	2565,4
05/05/2020	1	50	817,5	4	432	7308,4
06/05/2020	5	207	3548,29	3	165	2853
07/05/2020	1	120	2088	4	145	2541,5
08/05/2020	5	303	5300,14	3	12	211,2
11/05/2020	1	280	5054	13	733	13258,87
12/05/2020	3	58	1061,4	5	220	4048
13/05/2020	0	454	8228,89	0	260	4738,01
14/05/2020	5	289	5282,14	0	0	0

15/05/2020	2	150	2737,5	4	504	9249
18/05/2020	6	229	4147,51	4	108	1971,9
19/05/2020	6	140	2508,3	0	0	0
20/05/2020	3	53	946,1	3	137	2459,15
21/05/2020	2	40	718	1	100	1800
22/05/2020	7	524	9219,41	2	125	2212,5
25/05/2020	9	474	8239,02	6	319	5573,19
26/05/2020	4	140	2435,01	1	49	862,4
27/05/2020	16	716	12326,37	0	0	0
28/05/2020	1	100	1700	4	160	2725,5
29/05/2020	3	100	1712,5	4	276	4761,61
01/06/2020	4	295	5041,76	9	372	6397,28
02/06/2020	1	8	140,4	5	237	4197,46
03/06/2020	1	100	1770	9	451	8081,2
04/06/2020	6	320	5766,24	6	391	7094,15
05/06/2020	17	846	14736,47	3	100	1797,5
08/06/2020	7	386	6648,23	5	595	10328,49
09/06/2020	5	141	2457,5	1	173	3036,15
10/06/2020	4	130	2265,5	5	261	4565,44
11/06/2020	9	280	4852,99	7	490	8631,99
12/06/2020	6	181	3196,95	3	140	2485,99
15/06/2020	11	314	5495,41	2	4	70,4
16/06/2020	5	253	4415,94	2	94	1645
17/06/2020	5	114	1990,65	4	116	2055,6
18/06/2020	0	0	0	8	465	8222,27
19/06/2020	6	401	7071,84	4	263	4701,7
22/06/2020	0	0	0	9	411	7383,98
23/06/2020	1	50	895	18	813	15134,48
24/06/2020	3	254	4983,4	10	430	8494,01
25/06/2020	2	265	5193,79	2	100	1977,5
26/06/2020	8	125	2470,5	4	91	1806,7
29/06/2020	12	791	15416,83	3	237	4650,56
30/06/2020	3	155	2970,5	7	275	5333,49