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In this paper we consider the problem: ∂tu − Δu = f (u), u(0) = u0 ∈ exp Lp (ℝN), where p > 1 and f : ℝ → ℝ having an exponential growth at infinity with f (0) = 0. We prove local well-posedness in expLp0(ℝN) for f(u)∼e|u|q, 0<q≤p, |u|→∞. However, if for some λ > 0, lims→∞ inf(f(s)e−λsp)>0 then non-existence occurs in exp Lp (ℝN ). Under smallness condition on the initial data and for exponential nonlinearity f such that |f(u)| ∼ |u|m as u → 0, N(m−1)2≥p, we show that the solution is global. In particular, p – 1 > 0 sufficiently small is allowed. Moreover, we obtain decay estimates in Lebesgue spaces for large time which depend on m.