Oslo, Norway, 26 October 2022: Reference is made to the stock exchange notice of
24 October 2022 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 new share capital has today been registered with the Norwegian Register of
Business Enterprises (Nw.: Foretaksregisteret). The Company`s share capital has
been increased by NOK 5,823.75 through the issuance of 23,295 new shares.

The Company's new share capital is NOK 72,824,976.25, divided into 291,299,905
shares, each with a par value of NOK 0.25. Each share carries one vote.

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

The information contained in this stock exchange announcement is subject to the
disclosure requirements pursuant to section 5-12 of the Norwegian Securities
Trading Act.

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