Cloudberry Clean Energy ASA

Report Publication Announcement • Sep 5, 2023

Cloudberry Clean Energy ASA | Capital Markets Day 2023 and Invitation to EGM

Cloudberry Clean Energy ASA | Capital Markets Day 2023 and Invitation to EGM

Oslo, Norway, 05 September 2023: Cloudberry Clean Energy ASA ("The Company" or

"Cloudberry") is pleased to invite investors, analysts and media to the

Cloudberry's Capital Markets Day 2023 today, Tuesday 05 September 2023, at

Cloudberry's offices at Bergehus, Frøyas Gate 15, Oslo, between 11:30 and 14:35

CEST.

Please see attached the presentation for today's Capital Markets Day 2023.

You can attend the event in person or participate via a live webcast. Please use

the following link to register and access the live webcast:

https://tv.streamfabriken.com/cloudberry-cmd-2023

Invitation to extraordinary general meeting

The Board of Directors has resolved to ask the general meeting for a board

authorization for the option to acquire up to 7,000,000 own shares, at a

purchase price of up to NOK 14.60 per share (representing book equity per share

excluding minority interests). The authorization covers approximately 2.4% of

the Company's share capital. The background for the proposal is that Cloudberry,

subject to the prevailing market conditions, observes that the most discounted

kWh's in the Nordic market is the current market value of our own portfolio

implicitly from the share price. With a cash balance of above NOK 1 bn (Q2 2023)

the option to buy back own shares is in line with our flexible business model,

will require less than 10% of the excising cash and is not expected to influence

targeted growth opportunities. The Board will convene an extraordinary general

meeting, expected to be held 28 September 2023, to deal with the proposal.

Agenda for the Capital Markets Day 2023:

11:00 - 11:30   Mingling and light refreshments

11:30 - 11:35 Welcome and start of webcast

11:35 - 12:00   The energy transition

12:00 - 12:45   Perfectly positioned towards 2030

12:45 - 13:15   Value creation and capital strategy

13:15 - 13:30 Break

13:30 - 14:10 Accelerating Development

14:10 - 14:30 Creating synergies within Cloudberry

14:30 - 14:35 Closing remarks

For further information, visit our company and IR website www.cloudberry.no or

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, Eskilstuna, Sweden and Lemvig in Denmark. To

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