Good Enrg Regulatory News (GOOD)

Good Energy Group PLC

("Good Energy" or the "Company")

Scrip Dividend Elections

Good Energy announces that it has received elections to accept a scrip dividend alternative from the holders of 2,026,522 ordinary shares of 5p each ("Ordinary Shares") in relation to the interim dividend for the period to 30 June 2022. This accounts for 12.0% of the 16,853,348 Ordinary Shares in issue on 30 September 2022 (the "Record Date").

Pursuant to the Company's existing authorities, 6,751 new Ordinary Shares ("Scrip Dividend Shares") will be issued in satisfaction of such elections at an equivalent price of 229p each.

The Scrip Dividend Shares will rank pari passu with the Company's existing issued Ordinary Shares. An application has been made to AIM to admit the Scrip Dividend Shares. Dealings in the Scrip Dividend Shares are expected to commence on or around 10 November 2022. Share certificates and scrip dividend vouchers for the Scrip Dividend Shares will be posted on the same date.

Following the admission of the Scrip Dividend Shares, the enlarged issued share capital of Good Energy will consist of 16,860,099 Ordinary Shares. 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.

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About Good Energy www.goodenergy.co.uk

Good Energy is a supplier of 100% renewable power and an innovator in energy services. It has long term power purchase agreements with a community of 1,700 independent UK generators.

Since it was founded 20 years ago, the company has been at the forefront of the charge towards a cleaner, distributed energy system. Its mission is to power a cleaner, greener world and make it simple to generate, share, store, use and travel by clean power. Its ambition is to support one million homes and businesses to cut carbon from their energy and transport used by 2025.

Good Energy is recognised as a leader in this market, through our green kite accreditation with the London Stock Exchange and as the only energy supplier with Gold Standard Uswitch Green Tariff Accreditation for all tariffs.