Cloudberry Clean Energy Annual report 2022

Cloudberry Annual report 2022 Financial statements 146 Note 22 Share capital and shareholder information Accounting principle Nature and purpose of reserves included in total equity · Share premium: Share premium includes net share premium paid as part of capital increases. · Other Equity: Other equity includes share-based payment transaction reserve used to recognise the value of equity-settled and share-based payment transactions provided to employees, including key management personnel, as part of their remuneration. It also includes hedging reserves charged to other comprehensive income and currency translation differences, together with retained earnings. · Foreign currency translation reserve: The foreign currency translation reserve comprises all foreign currency differences arising from the translation of the financial statements of foreign operations. · Hedging reserve: The hedging reserve includes mark-to-market revaluation reserve after tax on derivatives used in the Group’s cash flow hedging. Share capital The table below show the share capital, share premium and number of shares as of 31 December 2022 and 31 December 2021. NOK million 2022 2021 Share capital 73 59 Share premium 3 495 2 676 Share capital and premium at 31 December 3 568 2 735 Number of shares at 31 December 291 299 905 235 244 646 The shares are at par value NOK 0.25. The following capital increases has taken place in 2022: NOK 1000 Date Number of shares Share capital Number of shares 1 January 2022 235 244 646 58 811 162 Capital increase 07.01.2022 3 484 041 871 010 Capital increase 29.06.2022 935 020 233 755 Capital increase 22.09.2022 51 612 903 12 903 226 Capital increase 24.10.2022 23 295 5 824 Number of shares and share capital 31 December 2022 291 299 905 72 824 976

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