25 June 2018

Good Energy Group PLC

("Good Energy" or "the Company")

Update on Scrip Dividend

Good Energy announces that it has received elections to accept the scrip dividend alternative from holders of 2,091,510 ordinary shares of 5p each ("Ordinary Shares"). Approximately 12.7% of the Ordinary Shares in issue on the record date elected for the scrip dividend option offered by the Company, in relation to the final dividend for the year ended 31 December 2017.

Accordingly, 35,845 new Ordinary Shares ("Scrip Dividend Shares") will be issued in satisfaction of such elections at an equivalent price of 135.6p each.

The Scrip Dividend Shares will rank pari passu with the Company's existing issued Ordinary Shares and will be issued and allotted on the Dividend Payment Date, being 5 July 2018. The Company will apply for the Scrip Dividend Shares to be admitted to trading on AIM with dealings expected to commence on or around 5 July 2018. Share certificates and scrip dividend vouchers for the Scrip Dividend Shares will be posted on the same date.

Following the allotment, issue and admission of the Scrip Dividend Shares, the enlarged issued share capital of Good Energy with voting rights attached will consist of 16,553,005 Ordinary Shares with one vote per Ordinary Share. There are no shares held in Treasury. This is therefore the figure to be used by shareholders (and others with notification obligations) as the denominator for the calculations by which they will determine whether they are required to notify their interest, or a change to their interest, in Good Energy.

Good Energy has received elections for the scrip dividend alternative from individuals it considers to be persons discharging managerial responsibility. The individuals, resulting Scrip Dividend Shares, aggregate number of Ordinary Shares held by relevant individuals and their related parties (as defined in the AIM rules) and their aggregate percentage holdings in Good Energy are set out below:

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 in 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.

·     Good Energy powers homes and businesses with 100% renewable electricity from a community of over 1,400 UK generators and owns and operate two wind farms, including the UK's first commercial wind farm, and six solar farms. In addition, Good Energy offers a green gas product which contains 6% biomethane - gas produced here in the UK from food waste. To make it completely carbon neutral, emissions from the rest of the gas its customers use is balanced through supporting verified carbon-reduction schemes in Malawi, Vietnam and Nepal.

·     Established to tackle climate change and help deliver energy security for the UK.

·     Founded in 1999 by Juliet Davenport OBE.

·     A British company based in Chippenham, Wiltshire.

·     Good Energy's electricity comes from local, natural sources like sunshine, wind and rain.

·     In 2017 Good Energy's generation output was 87.6GWh (2016: 80.7GWh).

·     As at 30 December 2017, Good Energy had over 250,000 domestic and business customers.