Cloudberry Clean Energy ASA

Registration Form • May 3, 2021

Cloudberry Clean Energy ASA | Registration of conversion to ASA, amendments to articles of association and new company name

Oslo, Norway, 3 May 2021: Reference is made to the stock exchange announcement by Cloudberry Clean Energy AS (the "Company") on 28 April 2021, following the annual general meeting held on 28 April 2021.

The resolved conversion from a private limited liability company (AS) to a public limited liability company (ASA), amendments to the Company's articles of association and the change of the Company's name to Cloudberry Clean Energy ASA, have now been registered with the Norwegian Register of Business Enterprises (Foretaksregisteret).

For further information, visit our company and IR website www.cloudberry.no or contact: Anders Lenborg, CEO, +47 934 13 130, al@cloudberry.no 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.

About Cloudberry Clean Energy:

Cloudberry Clean Energy ASA is a Nordic renewable energy company. We own, develop and operate hydro power plants and wind farms in Norway and Sweden. Our purpose is to provide clean renewable energy for future generations, developing a sustainable society for the long term and creating value for our stakeholders. We believe in a fundamental long-term demand for renewable energy in the Nordics and Europe. Our purpose shapes every aspect of how Cloudberry operates.

Cloudberry has a strong commitment to local communities. Our integrated value chain approach ensures local presence and optimisation of stakeholder alignment and value creation. Our long-term growth strategy rests upon our ability to create value for stakeholders, and our ability to use the best possible technology available, bring down costs, improve sustainability and make an important contribution to the necessary European energy transition. We will realise growth through organic greenfield development and by taking part in structural development of the Nordic renewable energy industry.

We are a public Euronext Growth company supported by strong owners and led by an experienced management team and board. Our offices are in Oslo, Norway (main office) and Karlstad, Sweden. To learn more about Cloudberry, go to www.cloudberry.no.