Cloudberry Clean Energy ASA

Director's Dealing • May 11, 2023

Cloudberry Clean Energy ASA | Mandatory Notification of Trade

Cloudberry Clean Energy ASA | Mandatory Notification of Trade

Oslo, Norway, 11 May 2023: The following primary insiders has today purchased

shares in Cloudberry Clean Energy ASA ("Company"):

· Lenco AS, a company closely related to the Chief Executive Officer Anders

Lenborg, acquired 20,000 shares in the Company at an average price of NOK

11.3273 and will, following the transaction hold 1,403,546 shares in the

Company. Anders Lenborg also holds 3,395,000 warrants.

· Lotmar Invest AS, a company closely related to the Chief Operating Officer

Jon Gunnar Solli, acquired 8,400 shares in the Company at an average price of

NOK 11.3844 and will, following the transaction hold 626,323 shares in the

Company. Jon Gunnar Solli also holds 1,150,000 warrants.

· Chief Compliance and Organization Officer Ingrid Bjørdal acquired 20,000

shares in the Company at an average price of NOK 11.3257 and will, following the

transaction hold 80,000 shares in the Company.

· Stig J. Østebrøt, Chief Technology Officer, has today acquired 20,000 shares

in the Company at an average price of NOK 11.397. Following the acquisition,

Stig J. Østebrøt holds 45,000 shares in the Company. In addition, S. J. Ø.

Invest AS, a company controlled by Stig J. Østebrøt has received 836,170 shares

in the Company through a distribution in kind from CCP AS. The value per share

in the transaction is NOK 11.22. Following the transaction, Stig J. Østebrøt,

directly and indirectly, holds 881,170 shares in the Company

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:

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 disclosure requirements set out in the Market

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

Section 5-12.

About Cloudberry

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

accordance with local tradition. 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. To learn more about

Cloudberry, go to http://www.cloudberry.no