Good Enrg Regulatory News (GOOD)

22 June, 2017

Good Energy Group PLC

("Good Energy" or "the Company")

Result of Annual General Meeting

At the Company's Annual General Meeting held in Chippenham yesterday, shareholders passed

resolutions 1-4 and 6-10.

The following resolutions were not passed:

ORDINARY BUSINESS

Resolution 5: Retirement and re-appointment of Martin Edwards as Director

SPECIAL BUSINESS

Resolution 11: Disapplication of pre-emption rights (Open offer to shareholders and 5% unrestricted)

Resolution 12: Disapplication of statutory pre-emption rights (5% for specific purposes)

Resolution 13: Disapplication of statutory pre-emption rights (1% for customer loyalty scheme)

Resolution 14: Calling of general meeting on 14 days' notice

The Board of Good Energy notes these results and will consider why these resolutions proved unpopular in the context of what is best for the business and for shareholders as a whole.

John Maltby, Chairman, said:

"As a purpose-led organisation with a large customer shareholder base, we run our business for all shareholders. We were really pleased that a variety of our shareholder groups attended the AGM and discussed their views with the Board. There was healthy and positive debate, driven by some understandable questions from the room, and open and constructive engagement with the Board.

I am delighted to confirm the appointment of Emma Tinker and the re-appointment of Denise Cockrem by shareholders. These appointments are testament to the progress we have made in recent years; attracting and retaining a robust, diverse team with complementary skills and experience capable of delivering the Company's purpose and strategic objectives.

The Board is very disappointed that Martin Edwards was not re-elected and will consider the most appropriate way to retain the benefit of his experience for the future.

We are naturally disappointed that the special resolutions were not passed. The Board remains of the view that having the flexibility to issue new shares to customers, in particular, would create additional value for the Company and benefit all shareholders.

We will continue to engage with all shareholders about the importance of their votes, and ensuring their voice is heard in our decision making."

[ends]

Notes to editors:

§ Good Energy is a fast-growing green energy company, generating and selling 100% renewable electricity and green gas to households and businesses across the UK.

§ An AIM-listed PLC, and founder member of the Social Stock Exchange, its purpose is to support change in the energy market, address climate change and boost energy security.

§ The Company has been awarded 4 out of 5 stars by Which? for customer service in 2016 and 2017, and has been voted the best energy company for customer service by users of MoneySavingExpert.com for three consecutive polls.

§ As at 31 December 2016, Good Energy had over 71,400 renewable electricity customers and 44,100 carbon neutral gas customers. It also provides Feed-in Tariff administration services to over 133,000 sites, bringing the total number of customers to 248,500.

§ 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. The Company also owns and operates seven solar farms.

§ Good Energy received an average customer advocacy of 45. A net promoter score is an index ranging from -100 to 100 that measures the willingness of customers to recommend a company's products or services to others. It is used as a proxy for gauging the customer's overall satisfaction with a company's product or service and the customer's loyalty to the brand.

§ Good Energy has won a number of awards, including Renewable Energy Association Company of the Year Award 2016, Business Green Company of the Year 2015, and was named Social Impact Company of the Year at the 2014 and 2015 Small Cap awards.