Berry said today she will stay with the BBC out of "loyalty", adding that it had been a "privilege and an honour" to spend seven years working on the show.
But Hollywood said he will stay on for another three years.
“I am delighted that I will be continuing as a judge when Bake Off moves to Channel 4," he said.
Earlier this month it emerged Bake Off - GBBO to its fans - was set to move to Channel 4 after the company behind the show, Love Productions, was unable to reach a deal with the BBC.
While presenters Mel Giedroyc and Sue Perkins said the following day they were staying with the BBC, judges Berry and Hollywood have remained tight-lipped about their plans.
Until now. In a statement today, Berry said:
My decision to stay with the BBC is out of loyalty to them, as they have nurtured me, and the show, that was a unique and brilliant format from day one. I am just sad for the audience who may not be ready for change, I hope they understand my decision.
I wish the programme, crew and future bakers every possible success and I am so very sad not to be a part of it.
Farewell to soggy bottoms.