7 June 2018

Good Energy Group PLC

("Good Energy" or "the Company")

Scrip Dividend Reference Price

Good Energy confirms that the scrip dividend reference price will be 135.6p per share for the fully paid ordinary shares to be issued to shareholders electing to receive the scrip dividend alternative for the final dividend for the year ended 31 December 2017.  Subject to shareholder approval at the AGM on 21 June 2018, the final dividend will be payable on 5 July 2018.

The scrip dividend reference price was calculated from the average of the middle market quotations for an ordinary share in the Company as derived from the Daily Official List of the during the period of five dealing days commencing on the ex dividend date (31 May 2018).

The timetable for the operation of the scrip dividend scheme in respect of the 2017 final dividend is set out below.

Shareholders who wish to participate in Good Energy's scrip dividend scheme, but have not yet elected to do so, may complete the Scrip Dividend Mandate online at www.investorcentre.co.uk or obtain a mandate form by contacting the Company's registrar, Computershare, on 0370 707 1154 or via www.investorcentre.co.uk/contactus

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Enquiries:

Good Energy Group PLC

Juliet Davenport, Chief Executive                                                           Tel: +44 (0) 7718 671 003

Charles Parry, Investor Relations

Stephen Rosser, Company Secretary

Investec Bank plc (Nominated advisor)

Jeremy Ellis                                                                                          Tel: +44 (0) 20 7597 5970

Sara Hale

Alexander Ruffman

Smithfield (Financial PR)

Alex Simmons                                                                                       Tel: +44 (0) 20 3047 2543

Brett Jacobs

Notes to editors:

·      Good Energy is a pioneering clean energy company, powering the choice of a cleaner, greener future together with its people, customers and shareholders. Having led the way in renewable energy development since 1999 in areas including small and larger scale wind turbines, solar panels, biogen and hydro, and now bringing through technologies like battery storage and electric vehicles, Good Energy is making it easier for people and businesses to make renewable energy part of their lives. 

·      An AIM-listed PLC, and founding member of the Social Stock Exchange, Good Energy was established in 1999 to empower households and business to address climate changes through their choice of energy supplier.

·      The Company has been awarded a "Best Buy" label in the Ethical Consumer Buyers' Guide to Green Electricity and Gas Suppliers 2017.       

·      As at 31 December 2017, Good Energy reported a total number of installed customer meters and FIT installations of 259,362.

·      Good Energy is the owner of Delabole Wind Farm, the UK's first commercial onshore wind farm and owns and operates Hampole Wind Farm, near Doncaster. Following the sale of Newton Downs Farm and the planned sale of Brynwhilach Farm, the Group will own and operate six solar farms.

·      Good Energy introduced offshore wind to its fuel mix in 2017, through an agreement with Ørsted to buy power from their Westermost Rough Wind Farm in the North Sea.

·      Good Energy has won a number of awards, including Renewable Energy Association Company of the Year Award 2016, Customer Care and Staff Care Winner Wiltshire Business Awards 2017 and Environmental Business of the Year Award Chippenham Business Awards 2017.