Cloudberry Clean Energy ASA

CLOUDBERRY CLEAN ENERGY ASA | NEW SHARE CAPITAL REGISTERED

Oslo, Norway, 26 October 2022: Reference is made to the stock exchange notice of

24 October 2022 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 5,823.75 through the issuance of 23,295 new shares.

The Company's new share capital is NOK 72,824,976.25, divided into 291,299,905

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

For further information please contact:

Christian Helland, CVO, +47 418 80 000, [email protected]

Ole-Kristofer Bragnes, Senior Financial Officer, +47 917 03 415,

The information contained in this stock exchange announcement 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

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