Orlando, FL April 22, 2022 - Reference is made to the previous stock exchange announcements made byKalera AS ("Kalera" or the "Company") (Euronext GrowthOslo : KAL, Bloomberg: KSLLF) regarding the merger with its wholly-owned Luxembourg subsidiaryKalera S.A. (the "Lux Merger"), as well as its proposed merger withAgrico Acquisition Corp ("Agrico "). Completion of the Lux Merger is inter alia conditional on theOslo Stock Exchange admitting the shares ofKalera S.A. to trading on Euronext Growth Oslo (the "Admission"). To effect the Admission,Kalera S.A. today submitted an introductory report to theOslo Stock Exchange , and has requested to have its shares admitted to trading on Euronext Growth Oslo as soon as practical following the effectiveness of the Lux Merger. The effectiveness of the Lux Merger is expected to occur in the second half ofMay 2022 . The Lux Merger is solely carried out to facilitate a Nasdaq listing. Until the effectiveness of the Lux Merger,Kalera AS will remain as the listed parent entity for the Kalera group. In furtherance of the proposed merger between the Kalera group andAgrico , the parties have today filed a registration statement on Form S-4 pertaining to the transaction with theUnited States Securities and Exchange Commission . About Kalera Kalera is a vertical farming company headquartered inOrlando, 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 (inOrlando, Florida ;Atlanta, Georgia ;Houston, Texas andDenver, Colorado ), as well as inKuwait . Additional farms are under development. More information is available at www.kalera.com.Eric Birge ir@kalera.com 313-309-9500 This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering, solicitation or sale would be unlawful.
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