Cloudberry Clean Energy ASA

Earnings Release • Oct 25, 2022

Oslo, Norway, 25 October 2022: Reference is made to the stock exchange announcement published today announcing the third quarter 2022 financial results.

Please find attached an updated report with a revised cash-flow statement for the third quarter of 2022. There are no other changes to the report, including no changes to the cash balance as of the third quarter of 2022.

For further information please contact: Christian Helland, CVO, +47 418 80 000, ch@cloudberry.no Anders Lenborg, CEO, +47 934 13 130, al@cloudberry.no Ole-Kristofer Bragnes, Senior Financial Officer, +47 917 03 415, okb@cloudberry.no

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 Norway and Sweden. 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 (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. To learn more about Cloudberry, go to www.cloudberry.no