Cloudberry Clean Energy ASA

Share Issue/Capital Change • May 24, 2023

Cloudberry Clean Energy ASA | New Share Capital Registered

Cloudberry Clean Energy ASA | New Share Capital Registered

Oslo, Norway, 24 May 2023: Reference is made to the stock exchange notice of 11

May 2023 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 new share capital has today been registered with the Norwegian Register of

Business Enterprises (Nw.: Foretaksregisteret). The Company`s share capital has

been increased by NOK 17,549.75 through the issuance of 70,199 new shares.

The Company's new share capital is NOK 72,842,526.00, divided into 291,370,104

shares, each with a par value of NOK 0.25. Each share carries one vote.

For further 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 published in accordance with the requirements of the Oslo

Rule Book II - Issuer Rules and 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 Norway and Sweden. 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. To learn more about

Cloudberry, go to www.cloudberry.no