Major Shareholding Disclosure

18 Mar 2026 14:43 CET

Reference is made to the stock exchange announcement by Cloudberry Clean Energy
ASA (the "Company") on 18 March 2026 regarding the successful completion of the
Acquisition (as defined therein), including the board of directors' resolution
to increase the share capital (the "Share Capital Increase") by issuance of
17,980,314 new shares in the Company (the "Consideration Shares") to be used as
part settlement of the consideration payable by the Company to Sampi Renewables
Holding AS.

Snefonn AS holds 16,203,725 shares in the Company, which prior to registration
of the Share Capital Increase represents 5.09% of the issued shares and votes.
The Share Capital Increase will result in an increase of the total issued shares
and votes in the Company. Following registration of the Share Capital Increase
with the Norwegian Register of Business Enterprises, the 16,203,725 shares held
by Snefonn AS will represent 4.82% of the issued shares and votes in the
Company, thus passively falling below the 5% threshold pursuant to section 4-2
of the Norwegian Securities Trading Act.

Snefonn AS has no rights to further shares or votes in the Company. Snefonn AS
is controlled by Morten Sigval Bergesen.

This information is subject to the disclosure requirements pursuant to section
4-2 of the Norwegian Securities Trading Act.

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