Cloudberry Clean Energy ASA

Pre-Annual General Meeting Information • Dec 14, 2020

Cloudberry Clean Energy AS | Notice of Extraordinary General Meeting

Cloudberry Clean Energy AS | Notice of Extraordinary General Meeting

Oslo, Norway, 14 December 2020: Reference is made to the stock exchange notice

published earlier today regarding the successful private placement in Cloudberry

Clean Energy AS ("Cloudberry" or the "Company").

An extraordinary general meeting of the Company will be held on Monday 21

December 2020 at 09:00 hours (CET) at the Company's offices in Frøyas gate 15,

0273 Oslo. However, as a result of the current regulations restricting indoor

events in the municipality of Oslo due to covid-19, shareholders must exercise

their shareholder rights without physical attendance, by providing a proxy with

or without voting instructions to the chairperson of the Company's Board of

Directors.

The notice and the agenda for the extraordinary general meeting are attached

hereto.

The general meeting will consider the proposals by the Board of Directors to (i)

increase the share capital of the Company with NOK 11,904,761.75 by the issuance

of 47,619,047 new shares pertaining to the private placement and (ii) grant the

Board of Directors an authorisation to increase the Company's share capital by

up to NOK 6,566,583 by issuance of up to 26,266,332 new shares, in order to

ensure flexibility for the Company going forward to finance further acquisition

opportunities or in general to strengthen the Company's equity.

For further information, please see the attached notice.

The notice with appendices have been also made available on the Company's

webpage, www.cloudberry.no.

For further information, please 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

About Cloudberry

Cloudberry Clean Energy AS 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 believe in a fundamental long-term

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

aspect of how Cloudberry operates.

Cloudberry is a public Euronext Growth (Merkur Market) company 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.