New Share Capital Registered

Oslo, Norway, 20 August 2020: Reference is made to the stock exchange announcement dated 10 July 2020 regarding Cloudberry Clean Energy AS’ (the “Company”) successful private placement, raising NOK 200 million in gross proceeds (the “Private Placement”).

The share capital increase related to the Private Placement has today been registered with the Norwegian Register of Business Enterprises (Nw.: Foretaksregisteret). The Company's share capital has been increased by NOK 4,166,666.75 through issue of 16,666,667 new shares.

The Company’s new share capital is NOK 13,786,791.25, divided into 55,147,165 shares, each with a nominal value of NOK 0.25.

Carnegie AS and Pareto Securities AS have acted as Joint Bookrunners and Managers for the Private Placement.

Advokatfirmaet DLA Piper Norway DA has acted as the Company’s legal advisor for the Private Placement.

For further queries, please contact:
Anders Lenborg, CEO, +47 934 13 130,
Christian Helland, CVO, +47 418 80 000,
Suna Alkan, CSO, +47 913 02 907,

About Cloudberry:

Cloudberry Clean Energy AS is a Nordic renewable energy company. We own, develop and operate hydro power plants and wind farms in Norway and Sweden. Our purpose is to provide clean renewable energy for future generations, developing a sustainable society for the long term and creating value for our stakeholders. We believe in a fundamental long-term demand for renewable energy in the Nordics and Europe. Our purpose shapes every aspect of how Cloudberry operates.

Cloudberry has a strong commitment to local communities. Our integrated value chain approach ensures local presence and optimisation of stakeholder alignment and value creation. Our long-term growth strategy rests upon our ability to create value for stakeholders, and our ability to use the best possible technology available, bring down costs, improve sustainability and make an important contribution to the necessary European energy transition. We will realise growth through organic greenfield development and by taking part in structural development of the Nordic renewable energy industry.

We are a public Merkur Market company supported by strong owners and led by an experienced management team and board. Our offices are in Oslo, Norway (main office) and Karlstad, Sweden. To learn more about Cloudberry, go to