Cloudberry Clean Energy ASA

Share Issue/Capital Change • May 28, 2025

Cloudberry Clean Energy ASA | Mandatory notification of trade by primary insiders

Cloudberry Clean Energy ASA | Mandatory notification of trade by primary insiders

Reference is made to the stock exchange notice of 28 May 2025 regarding the

capital increase resolved by the Board in relation to the Company's share

purchase program for members of the Board of Directors.

The following board members of Cloudberry Clean Energy ASA have subscribed for

new shares in the Company:

· Tove Feld, chair of the Company, has subscribed 18,658 new shares and will,

following completion of the capital increase, hold 61 799 shares in the Company.

· Petter W. Borg, board member of the Company, has subscribed 9,329 new shares

and will, following completion of the capital increase, hold 38 114 shares in

the Company. Petter W. Borg also holds 1,244,791 shares in the Company through

Caddie Invest AS which is a company closely related to Petter W. Borg.

· Henrik Joelsson, board member of the Company, has subscribed 9,329 new

shares and will, following completion of the capital increase, hold 30 349

shares in the Company. Henrik Joelsson also holds 40,000 shares in the Company

through HJ Business Development AB which is a company closely related to Henrik

Joelsson.

· Benedicte H. Fossum, board member of the Company, has subscribed 9,329 new

shares and will, following completion of the capital increase, hold 26 546

shares in the Company. Benedicte H. Fossum also holds 100,103 shares in the

Company through Mittas AS which is a company closely related to Benedicte H.

Fossum. Further, Jeshol AS, a company closely related to Benedicte H. Fossum

holds 80,000 shares in the Company.

· Alexandra Koefoed, board member of the Company, has subscribed 9,329 new

shares and will, following completion of the capital increase, hold 30 899

shares in the Company.

· Nicolai Nordstrand, board member of the Company, has subscribed 9,329 new

shares and will, following completion of the capital increase, hold 75 349

shares in the Company.

· Mads Andersen, board member of the Company, has subscribed 9,329 new shares

and will, following completion of the capital increase, hold 9,329 shares in the

Company.

The transactions took place on 28 May 2025 at a price per share of NOK 10.39 per

share. Cloudberry refers to the attached notifications for persons discharging

managerial responsibilities in the company in accordance with Regulation EU

596/2014 (MAR) article 19.

For further information please contact:

Ole-Kristofer Bragnes, CFO, +47 91 70 34 15, okb@cloudberry.no

Anders Lenborg, CEO, +47 934 13 130, al@cloudberry.no

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.

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