Application for Second Allotment of Shares

27th June 2016

Good Energy Group PLC

("Good Energy" or "the Company")

Application for Second Allotment of Shares

Further to the Results of the Share Offer announcement on 22 June 2016, Good Energy is pleased to announce that funds related to the second allotment of New Ordinary Shares has cleared and an application has been made for these 197,041 New Ordinary Shares to be admitted to trading on AIM. It is expected that Admission and commencement of dealings will be on or around 1st July 2016.

The Company confirms that the total gross proceeds under the recent Share Offer will be limited to £3.1 million and not increased as proposed on the 22nd June 2016.

Notes to editors

- Good Energy is a fast-growing 100% renewable electricity and green gas company, offering award-winning customer service.

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

- The company has consistently performed well in the annual Which? energy company customer satisfaction survey, winning first or second place in each of the last five years.

- It now has more than 68,000 renewable electricity customers and 38,800 gas customers. It also provides Feed-in Tariff administrative services to more than 112,600 sites. (All figures as at 31 December 2015.)

- Good Energy is the owner of Delabole Wind Farm, the UK's first commercial wind farm, and owns and operates Hampole Wind Farm, near Doncaster. The company also owns and operates seven solar farms.

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