Oslo, Norway, 29 September 2020: Reference is made to the stock exchange
announcement dated 22 September 2020 regarding Cloudberry Clean Energy AS (the
"Company") completion of the transaction in the relation to the acquisition of
100% of the shares in Scanvind2 AS.

The share capital increase related to the transaction has today been registered
with the Norwegian Register of Business Enterprises (Nw.: Foretaksregisteret).
The Company`s share capital has been increased by NOK 545,119 through issue of
2,180,476 new shares.  

The Company's new share capital is NOK 14,331,910.25, divided into 57,327,641
shares, each with a nominal value of NOK 0.25.

Advokatfirmaet DLA Piper Norway DA has acted as the Company's legal advisor for
the transaction.

For further queries, 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 Clean Energy: 

Cloudberry Clean Energy AS 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 Merkur Market 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.

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© Oslo Bors ASA, source Oslo Stock Exchange