Cloudberry Clean Energy ASA

Cloudberry Clean Energy ASA | Exercise of warrants and mandatory notification of trade

Reference is made to the stock exchange announcement made by Cloudberry Clean

Energy ASA ("Cloudberry" or the "Company") dated 30 September 2020 regarding the

grant of independent subscription rights ("warrants", Nw.: frittstående

tegningsretter) in the Company. The last exercise period for the warrants

expires today, 3 September 2025, after which these warrants will lapse without

compensation.

On this final day of the exercise period, the Company has received notices of

exercise for a total of 725,000 warrants. Each warrant entitles the holder to

one share in Cloudberry at an exercise price of NOK 12.20 per share.

Anders Lenborg, CEO and primary insider of the Company, has exercised 545,000

warrants. Cloudberry refers to the attached form in accordance with Regulation

EU 596/2014 ("MAR") article 19 for further details.

Following the warrant exercises, the Company's share capital will be increased

by NOK 181,250 through the issuance of 725,000 new shares, each with a par value

of NOK 0.25. Upon registration of the share capital increase, the Company's

share capital will be NOK 79,526,156, divided into 318,104,624 shares, each with

a par value of NOK 0.25.

For further information please contact:

Ole-Kristofer Bragnes, CFO, +47 91 70 34 15, [email protected]

Anders Lenborg, CEO, +47 934 13 130, [email protected]

This information is subject to disclosure requirements set out in MAR article 19

and the Norwegian Securities Trading Act Section 5-12.

About Cloudberry

Cloudberry is a renewable energy company operating in the Nordics and in

accordance with local traditions. The Company owns, develops, and operates

hydropower plants and wind farms in the Nordics. 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 (Euronext Oslo Børs), supported by strong owners

and led by an experienced team and board. The Company has offices in Oslo,

Norway (main office), Karlstad, Gothenburg and Eskilstuna, Sweden and Lemvig

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

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