Oslo, Norway, 20 May 2025: Cloudberry ("Cloudberry" or the "Company") has today
sold its 80% ownership in the Svåheia wind farm to Dalane Kraft AS ("Dalane
Kraft"). Svåheia wind farm, located in the NO-2 region in Norway, comprises
seven producing Vestas turbines with an estimated annual production of 70 GWh,
having been in commercial operation since 2018 and is under the Norwegian
resource rent tax regime.

The enterprise value is NOK 322 million, with the share price for Svåheia set at
NOK 264 million. Cloudberry will use the proceeds from the share sale to repay
approximately NOK 145 million in external debt, freeing approximately NOK 120
million in cash. This amount corresponds approximately to the total liquidity
effect Cloudberry had in the Skovgaard transaction as a significant part of the
Skovgaard transaction was settled through a share issue at NOK 17 per share. The
purchase price for Svåheia matches what Cloudberry paid for the shares in
Svåheia as part of the Skovgaard transaction signed on 5 December 2024. The
valuation for Svåheia is based on the same principles in the recently concluded
Skovgaard transaction which supports the valuation for the overall transaction.

"We are pleased to demonstrate effective capital allocation to our investors. By
executing this transaction, we have enabled the previously announced Skovgaard
transaction without any material liquidity effect and can now allocate the funds
to other accretive opportunities," says Anders Lenborg, CEO of Cloudberry.

Dalane Kraft, a local utility focusing on wind and hydropower, owns the
remaining 20% of Svåheia and will now take full ownership.

For further information, visit our company and IR website: www.cloudberry.no or
contact:
Anders Lenborg, CEO, +47 934 13 130, al@cloudberry.no
Ole-Kristofer Bragnes, CFO, +47 917 03 415, okb@cloudberry.no
Christian Helland, CCO, +47 418 80 000, ch@cloudberry.no

This information 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 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 (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