Norsk Vannkraft As entered into a share sale and purchase agreement to acquire 4.5-MW Hydro Plant in Norway, Selselva Kraft AS and Nessakraft AS from Cloudberry Clean Energy ASA (OB:CLOUD) for NOK 703 million on June 16, 2023. The transaction is expected to close 30 June 2023 and is not subject to any conditions. Advokatfirma DLA Piper Norway DA has acted as legal counsel for Cloudberry. The transaction is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

Norsk Vannkraft As completed the acquisition of 4.5-MW Hydro Plant in Norway, Selselva Kraft AS and Nessakraft AS from Cloudberry Clean Energy ASA (OB:CLOUD) for NOK 703 million on June 30, 2023.