Engaged in a material M&A transaction and updated company presentation

Oslo, Norway, 13 November 2020: Cloudberry Clean Energy AS (“Cloudberry” or “the company”) hereby announces that it is engaged in a material M&A transaction including Nordic renewable assets.

An acquisition would entail a substantial capital need and Cloudberry has therefore engaged with selected investors to explore the potential to underwrite the equity financing required for the transaction. It is emphasized that Cloudberry is in an early phase of the transaction. No assurances can be made as to whether a transaction will be concluded or not. Cloudberry will update the market in due course.

Cloudberry has retained Carnegie, Pareto Securities and SEB as Managers in the potential transaction. Attached the updated company presentation.

For further information

Visit www.cloudberry.no or contact:
Anders Lenborg, CEO, +47 934 13 130, al@cloudberry.no
Christian Helland, CVO, +47 418 80 000, ch@cloudberry.no

About Cloudberry Clean Energy

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 www.cloudberry.no.

201113 Cloudberry Clean Energy AS Company Presentation (pdf)