Cloudberry Clean Energy ASA | Mandatory notification of trade

23 Dec 2025 18:45 CET

Reference is made to the stock exchange announcement made by Cloudberry Clean
Energy ASA ("Cloudberry") on 3 September 2025 regarding the exercise of warrants
(Nw.: frittstående tegningsretter), each giving the right to one share in
Cloudberry, including the exercise of 545,000 warrants by CEO and primary
insider Anders Lenborg.

Anders Lenborg, CEO and primary insider of Cloudberry, has on 23 December 2025
sold 100 000 shares in Cloudberry at a price of NOK 12.92 per share. Following
the transaction, Mr. Lenborg directly and through his close associate hold 1 855
156 shares and 6,650,000 warrants in Cloudberry.

The proceeds from the sale will be used partly to cover tax obligations
resulting from the exercise of warrants on 03 September 2025.

See the attached form for further details about the transaction.

This information is subject to the disclosure requirements pursuant to the
Market Abuse Regulation (EU) 596/2014 Article 19 number 3 and 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.

More information:
Access the news on Oslo Bors NewsWeb site

662833_252312_Cloudberry_PDMR_notification.pdf