Cloudberry Clean Energy ASA

Transaction in Own Shares • Dec 27, 2023

Oslo, 27 December. On October 31 Cloudberry Clean Energy ASA ("Cloudberry") announced its decision to initiate a share buy-back programme.

• The duration of the buy-back programme: 31 October 2023 until 31 December 2023 at the latest.
• Size of the buy-back programme: Up to 3,000,000 shares, with a maximum total consideration of NOK 43,800,000.
• During week 51 2023, Cloudberry purchased 432,000 own shares at an average price of NOK 10.3808 per share.

Date (NOK)	Number of shares	Average price (NOK)	Total transaction value
18/12/2023	82,900	10.1323	839,967.67 ------------------------------------------------------------------------------------------------------------------------------------------------
19/12/2023	83,100 --------------------------------------------------------------------------------------------------------------------------------------------	10.4720	870,223.20
20/12/2023	86,600	10.3684	897,903.44 ----------------------------------------------------------------------------------------------------------------------------------------------
21/12/2023	85,700	10.4548	895,976.36 ----------------------------------------------------------------------------------------------------------------------------------------------
22/12/2023	93,700	10.4635	980,429.95 ---------------------------------------------------------------------------------------------------------------------------------------------
Previously announced under the programme	2,070,000	10.1528	21,016,367.13
(accumulated)			---------------------------------------------------------------------------------------------------------------------------------------------
Accumulated under The buy back programme	2,502,000	10.1922	25,500,867.75
			--------------------------------------------------------------------------------------------------------------------

Below is an overview of the transactions carried out under the buy-back programme.

The issuer's holding of own shares:

Following the completion of the above transactions, Cloudberry Clean Energy ASA owns a total of 2,502,000 own shares, corresponding to 0.9% of the Company's share capital.

Appendix:

An overview of all transactions made under the buy-back programme that have been carried out during the above-mentioned time period is attached to this report and available at

www.newsweb.no.

This information is made public by Cloudberry pursuant to article 5 of the EU Market Abuse Regulation and subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

For information please contact: Anders Lenborg, CEO, +47 934 13 130, al@cloudberry.no Christian Helland, CVO, +47 418 80 000, ch@cloudberry.no Ole-Kristofer Bragnes, Senior Financial Officer, +47 917 03 415, okb@cloudberry.no

This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

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 in Sweden and Lemvig in Denmark. To learn more about Cloudberry, go to www.cloudberry.no