Cloudberry Clean Energy ASA

Cloudberry Clean Energy ASA | Notifiable transaction by primary insiders and close associates in connection with the Offering

Oslo, Norway, 2 July 2021: Reference is made to the stock exchange notice from

Cloudberry Clean Energy ASA ("Cloudberry" or the "Company") on 2 July 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 following primary insiders and close associates of primary insiders have

subscribed for and been allocated shares in the Offering, which is regarded as

PDMR/PCA trades under the Market Abuse Regulation (EU) No 596/2014 ("MAR"):

· CCPartner AS, a person closely related to Frank J. Berg, Chairman of the

Company has subscribed 128,893 shares in the Offering and will, following

completion of the Offering hold 3,302,040 shares in the Company.

· Mothe Invest AS, a person closely related to Frank J. Berg, has subscribed

1,781 shares in the Offering and will, following completion of the Offering hold

21,781 shares in the Company.

· Caddie Invest AS, a person closely related to Petter W. Borg, Board Member

of the Company has subscribed 48,589 shares in the Offering and will, following

completion of the Offering hold 1,244,791 shares in the Company.

· Greenvalley AS, a person closely related to Roger Grøndahl, Project Manager

in the Company has subscribed 8,146 shares in the Offering and will, following

completion of the Offering hold 208,698 shares in the Company. Roger Grøndahl

also holds 2,000 shares and 80,000 warrants.

Cloudberry refers to the attached notifications for persons discharging

managerial responsibilities in the company in accordance with MAR article 19.

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 disclosure requirements set out in the Market

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

Section 5-12. This stock exchange announcement was published by Suna F. Alkan,

CSO at Cloudberry Clean Energy ASA, on 2 July 2021 at 18:00 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.

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