Oslo, Norway, 26 August 2026: Reference is made to the stock exchange
announcement from Cloudberry Clean Energy ASA ("Cloudberry" or the "Company") on
25 June 2026 regarding credit approvals to increase its existing debt facility
by NOK 1,000 million to a total of NOK 3,200 million, with an option to increase
the facility by an additional NOK 750 million (the "Credit Agreement").
The Company is pleased to announce that the Credit Agreement has now been signed
and executed with the bank syndicate consisting of SpareBank 1 Sør-Norge,
SpareBank 1 Nord-Norge and SpareBank 1 Østlandet.
The increased facility provides Cloudberry with enhanced financial flexibility
at an improved margin well below 2%, and with an extended tenor of 3+1+1 years.
The covenant structure is covenant light, with no requirement to hedge any power
sales. Cloudberry has further expanded the scope of the facility to include
Finland, BESS and solar.
For more information about the Credit Agreement and the rationale behind it,
please see the stock exchange announcement published by the Company on 25 June
2026.
For further information please contact:
Ole-Kristofer Bragnes, CFO, +47 917 03 415, okb@cloudberry.no
Anders Lenborg, CEO, +47 934 13 130, al@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, wind farms, battery energy storage systems, and powered land
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.
vig\, Denmark. To learn more about Cloudberry\, go to\
www.cloudberry.no.\