Cloudberry Clean Energy ASA

Director's Dealing • May 8, 2024

Cloudberry Clean Energy ASA | Mandatory notification of trade by primary insiders

Cloudberry Clean Energy ASA | Mandatory notification of trade by primary insiders

Reference is made to the stock exchange notice of 8 May 2024 regarding the

capital increase resolved by the Board in relation to the Company's share

purchase program for members of the Board of Directors.

The following board members of Cloudberry Clean Energy ASA have subscribed for

new shares in the Company:

· Tove Feld, chair of the Company, has subscribed 23,953 new shares and will,

following completion of the capital increase, hold 43,141 shares in the Company.

· Petter W. Borg, board member of the Company, has subscribed 11,976 new

shares and will, following completion of the capital increase, hold 28,785

shares in the Company. Petter W. Borg also holds 1,244,791 shares in the Company

through Caddie Invest AS which is a company closely related to Petter W. Borg.

· Henrik Joelsson, board member of the Company, has subscribed 11,976 new

shares and will, following completion of the capital increase, hold 21,020

shares in the Company. Henrik Joelsson also holds 40,000 shares in the Company

through HJ Business Development AB which is a company closely related to Henrik

Joelsson.

· Benedicte H. Fossum, board member of the Company, has subscribed 11,976 new

shares and will, following completion of the capital increase, hold 17,217

shares in the Company. Benedicte H. Fossum also holds 100,103 shares in the

Company through Mittas AS which is a company closely related to Benedicte H.

Fossum. Further, Jeshol AS, a company closely related to Benedicte H. Fossum

holds 80,000 shares in the Company.

· Alexandra Koefoed, board member of the Company, has subscribed 11,976 new

shares and will, following completion of the capital increase, hold 21,570

shares in the Company.

· Nicolai Nordstrand, board member of the Company, has subscribed 11,976 new

shares and will, following completion of the capital increase, hold 66,020

shares in the Company.

The transactions took place on 8 May 2024 at a price per share of NOK 7.64 per

share. Cloudberry refers to the attached notifications for persons discharging

managerial responsibilities in the company in accordance with Regulation EU

596/2014 (MAR) article 19.

For further information please contact:

Christian Helland, CVO, +47 418 80 000, ch@cloudberry.no

Ole-Kristofer Bragnes, Senior Financial Officer, +47 91 70 34 15,

okb@cloudberry.no

This information is subject to disclosure requirements set out in the Market

Abuse Regulation EU 596/2014 Article 19 and the Norwegian Securities Trading Act

Section 5-12. This stock exchange announcement was published by Ole-Kristofer

Bragnes at Cloudberry Clean Energy ASA on 8 May 2024, at 21:35 CEST.

About Cloudberry

Cloudberry is a renewable energy company operating in the Nordics and in

accordance with local traditions. The Company owns, develops, and operates

hydropower plants and wind farms in the Nordics. Cloudberry is powering the

energy transition to a sustainable future by providing new renewable energy

today and for future generations. The Company believes in a fundamental long

-term demand for renewable energy in Europe. With this as a fundament,

Cloudberry is building a sustainable, scalable, efficient, and profitable

platform for creation of shareholder value. Cloudberry`s shares are traded on

Oslo Stock Exchange's main list (Oslo Børs), supported by strong owners and led

by an experienced team and board. The Company has offices in Oslo, Norway (main

office), Karlstad, Gothenburg and Eskilstuna, Sweden and Lemvig, Denmark. To

learn more about Cloudberry, go to www.cloudberry.no