Orlando, FL May 13, 2022 - Reference is made to the previous stock exchange
announcements made by Kalera AS (the "Company") (Euronext Growth Oslo: KAL,
Bloomberg: KSLLF) regarding the merger with its wholly-owned Luxembourg
subsidiary Kalera S.A. (the "Merger"). 

All necessary board and shareholder approvals for the Merger have been obtained,
and the Merger will become effective upon publication of the minutes from Kalera
S.A.'s general meeting approving the Merger in accordance with Luxembourg law.
Such publication, and the effectiveness of the Merger, is expected to occur on
or about 27 May 2022 (the "Effectiveness"). As of the Effectiveness, all of the
Company's assets, rights and liabilities will be transferred to Kalera S.A., and
the Company will be dissolved and have it shares delisted from Euronext Growth
Oslo. 

The Oslo Stock Exchange has admitted the shares of Kalera S.A. to trading on
Euronext Growth Oslo, and it is expected that the first day of trading in the
shares will be on or about 1 June 2022.

As merger consideration, the shareholders of the Company will receive shares in
Kalera S.A., where two shares in the Company give the right to receive one share
in Kalera S.A. The Company's shareholders will, for the purpose of calculating
the number of consideration shares, have their shares rounded down to the
nearest even number as Kalera S.A. will not issue fractional shares. If a
shareholder already holds an even number of shares, no rounding will be made.
Excess shares, which as a result of this rounding will not be allotted, will be
settled in cash by Kalera S.A., and the settlement amount per excess share shall
equal the volume weighted average share price for the Company's shares on
Euronext Growth Oslo during the last ten trading days prior to the
Effectiveness. 

As a result of the above described exchange ratio, the total amount of shares in
Kalera S.A. following the Merger is expected to be approximately 104,677,409
shares (which equals approximately half the amount of shares in the Company as
of today). 

It is the shareholders as of the Effectiveness, as such shareholders appear in
the shareholders register of the Company with the Norwegian Central Securities
Depositary (the "VPS") as at the day of Effectiveness (the "Record Date"), that
will receive consideration shares in Kalera S.A. The record date is expected to
be on or about 27 May 2022. 

Tentative key dates and information for the completion of the Merger is as
follows:
o	Last day of trading in the Company's shares on Euronext Growth Oslo: 25 May
2022
o	Effectiveness of the Merger: 27 May 2022
o	Record Date for entitlement to merger consideration shares: 27 May 2022
o	First day of trading in Kalera S.A.'s shares: 1 June 2022
o	Merger consideration shares delivered through VPS: 31 May 2022
o	ISIN: LU242451514904

The Merger is solely carried out to facilitate a Nasdaq listing. Until the
Effectiveness, the Company will remain as the listed parent entity for the
Kalera group, and its shares will be tradeable on Euronext Growth Oslo.

The shares of Kalera S.A. will trade under the ticker "KAL", which is the
current ticker of the Company. 


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