Cloudberry Clean Energy ASA

Share Issue/Capital Change • Jul 8, 2021

Cloudberry Clean Energy ASA | New Share Capital Registered

Cloudberry Clean Energy ASA | New Share Capital Registered

Oslo, Norway, 8 July 2021: Reference is made to the stock exchange notice from

Cloudberry Clean Energy ASA ("Cloudberry" or the "Company") on 2 July 2021

regarding the result of the offering of 2,800,000 new shares at a subscription

price of NOK 12.50 per share (the "Offering").

The new share capital pertaining to the Offering has today been registered with

the Norwegian Register of Business Enterprises (Nw.: Foretaksregisteret). The

Company`s share capital has been increased by NOK 700,000 by the issuance of

2,800,000 new shares.

The Company's new share capital is NOK 48,466,334.00 divided among 193,865,336

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

For further information please contact:

Christian Helland, CVO, +47 418 80 000, ch@cloudberry.no

Suna Alkan, CSO, +47 913 02 907, sa@cloudberry.no

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 8 July 2021 at 10:30 (CEST).

About Cloudberry

Cloudberry Clean Energy ASA is a Nordic renewable energy company, owning,

developing, and operating hydro power plants and wind farms in Norway and

Sweden. The Company`s purpose is to provide clean renewable energy for future

generations, developing a sustainable society for the long term and creating

value for our stakeholders. The Company believes in a fundamental long-term

demand for renewable energy in the Nordics and Europe, and purpose shapes every

aspect of how Cloudberry operates.

Cloudberry`s shares are traded on Oslo Stock Exchange's main list (Oslo Børs),

supported by strong owners and led by an experienced management team and board.

The Company is located in Oslo, Norway (main office) and Karlstad, Sweden. To

learn more about Cloudberry, go to www.cloudberry.no.