Orlando, FL April 22, 2022 - Reference is made to the previous stock exchange
announcements made by Kalera AS ("Kalera" or the "Company") (Euronext Growth
Oslo: KAL, Bloomberg: KSLLF) regarding the merger with its wholly-owned
Luxembourg subsidiary Kalera S.A. (the "Lux Merger"), as well as its proposed
merger with Agrico Acquisition Corp ("Agrico"). 

Completion of the Lux Merger is inter alia conditional on the Oslo Stock
Exchange admitting the shares of Kalera S.A. to trading on Euronext Growth Oslo
(the "Admission").  To effect the Admission, Kalera S.A. today submitted an
introductory report to the Oslo 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 of May 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 and Agrico, the
parties have today filed a registration statement on Form S-4 pertaining to the
transaction with the United States Securities and Exchange Commission. 


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; Atlanta, Georgia; Houston, Texas and Denver, Colorado),
as well as in Kuwait. 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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© Oslo Bors ASA, source Oslo Stock Exchange