Oslo ,7 October 2021 : Reference is made to the announcement byKalera AS ("Kalera" or the "Company") (Euronext Growth Oslo ticker: KAL, Bloomberg: KAL NO), where it announced the successful completion of a private placement of 12,000,000 new shares in the Company (the "New Shares") at a price ofNOK 25 per New Share at the date hereof (the "Private Placement").Canica AS ("Canica "), a close associate ofChris Logan (member of the Company's board of directors), has entered into a share lending agreement with the managers retained for the Private Placement (the "Managers"), the Company and Macama AS, wherebyCanica will lend 7,908,782 shares in the Company to the Managers in order to facilitate delivery of listed shares to investors who were allocated New Shares in the Private Placement. The borrowed shares will be redelivered toCanica upon the registration of the share capital increase pertaining to the New Shares in theNorwegian Register ofBusiness Enterprises and issuance of the New Shares in Euronext VPS. Further,Canica was allocated and subscribed for 1,040,000 shares in the Private Placement. Following this transaction,Canica owns 12,195,412 shares in the Company. Please refer to the attached notifications of trading for further details. For further information, please contact:Bjørge Gretland , Chairman Email: bgretland@kalera.comDaniel Malechuk , CEO Phone: +1 407 574 2382 Email: dmalechuk@kalera.com Kalera in brief:The Kalera Group is a vertical farming group headquartered inOrlando, 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 andHouston, Texas ),Kuwait andGermany and the company has plans to open more farms in the US and also in both theMiddle East andAsia in the coming months. More information is available at www.kalera.com. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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