Cloudberry Clean Energy ASA

Cloudberry Clean Energy ASA | New Share Capital Registered

Oslo, Norway, 12 January 2022: Reference is made to the stock exchange notice

from Cloudberry Clean Energy ASA ("Cloudberry" or the "Company") on 7 January

2022 regarding the successful completion of the acquisition of 60% of the

Captiva Group. In relation to completion of the acquisition, the Company issued

of 3,484,041 new shares at a subscription price of NOK 14.50 per share to the

seller.

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 871,010.25 by the issuance of 3,484,041 new shares.

The Company's new share capital is NOK 59,682,171.75 divided among 238,728,687

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

The new shares will be registered with the VPS on a separate ISIN from the

existing shares of the Company which are admitted to trading on Oslo Børs,

pending publication by the Company of a listing prospectus (the "Listing

Prospectus") and will not be tradable on Oslo Børs until the Listing Prospectus

has been approved by the Norwegian Financial Supervisory Authority and published

by the Company. Following publication of the Listing Prospectus, the shares be

converted to ISIN NO0010876642, which is the same ISIN as the Company's existing

shares which are admitted to trading on Oslo Børs.

For further information please contact:

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

Suna Alkan, CSO, +47 913 02 907, [email protected]

This information is subject to the disclosure requirements pursuant to Section 5

-12 of the Norwegian Securities Trading Act. This stock exchange announcement

was published by Suna F. Alkan, Chief Sustainability Officer, Cloudberry Clean

Energy ASA, on 12 January 2022 at 11:15 (CET).

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 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) and Karlstad, Sweden. To learn more about Cloudberry, go to

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