Cloudberry Clean Energy ASA

Cloudberry Clean Energy ASA | New Share Capital Registered

Oslo, Norway, 16 December 2021: Reference is made to the stock exchange notice

from Cloudberry Clean Energy ASA ("Cloudberry" or the "Company") on 8 December

2021 regarding the successful private placement and issuance of 41,379,310 new

shares at a subscription price of NOK 14.50 per share (the "Private Placement").

The new share capital pertaining to the Private Placement has today been

registered with the Norwegian Register of Business Enterprises (Nw.:

Foretaksregisteret). The Company`s share capital has been increased by NOK

10,344,827.50 by the issuance of 41,379,310 new shares.

The Company's new share capital is NOK 58,811,161.50 divided among 235,244,646

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

38,750,000 of the new shares will be registered with the Central Securities

Depository (VPS) on ISIN NO0010876642, which is the same ISIN as the Company's

existing shares and be listed on Oslo Børs from issuance in the VPS.

The remaining 2,629,310 of the new shares will be registered with the VPS on a

separate ISIN from the existing shares of the Company, 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 2,629,310 shares will

assume the same ISIN in the VPS as the other outstanding shares of the Company

and be tradable 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 16 December 2021 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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