Oslo, 19 May 2022: Reference is made to the announcement by Kalera AS ("Kalera"
or the "Company") (Euronext Growth Oslo: KAL, Bloomberg: KSLLF) published on 24
February 2021 regarding the Company's acquisition of Vindara Inc. ("Vindara").

As disclosed in the abovementioned announcement, the consideration payable for
the equity of Vindara was settled partly in the form of preferred stock in a
subsidiary of Kalera, exchangeable into an aggregate of 2,084,087 shares in the
Company. As a consequence of the merger between the Company and Kalera S.A., the
preferred stock will need to be exchanged into shares in the Company. The
Company's board of directors has on this basis resolved to increase the
Company's share capital with NOK 20,840.87 through issuance of 2,084,087 new
shares in the Company. The resolution to increase the Company's share capital
was made pursuant to the authorization granted to the bord of directors at the
Company's general meeting held on 23 June 2021.

Jade Stinson, Co-founder and President of Vindara and a primary insider of the
Company, was entitled to and will receive 63,356 of the 2,084,087 new shares.
Please refer to the attached notifications of trading for further details.


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