Exercise of Options/Issue of Equity

Good Energy Group PLC

("Good Energy" or "the Company")

Share option exercise and issue of new ordinary shares

Good Energy announces that it has received notice to exercise 21,822 par value share options granted under its employee share scheme. In satisfaction of such exercise, 21,822 new ordinary shares, each ranking pari passu with the Company's existing issued ordinary shares, will be issued on 31 January 2020.

Application has been made for the new ordinary shares to be admitted to trading on AIM and it is expected that admission will take place on 31 January 2020.

Following the issue and admission of the new ordinary shares, the enlarged issued share capital of Good Energy with voting rights attached will consist of 16,643,067 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.

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About Good Energy www.goodenergy.co.uk

Good Energy was founded in 1999 by Juliet Davenport OBE with the ambition to tackle climate change by generating and investing in renewable energy. Its purpose is to power the choice of a cleaner, greener future together with its customers, employees and investors.

Since it started, the company has been supplying clean power, sourced from its own generation assets as well as from independent, UK-based renewable generators. Good Energy also pioneered a more localised approach to energy by supporting home generation, launching the HomeGen scheme in 2004, which became the blueprint for the Feed-in Tariff.

Today, it continues to support and invest in localised energy generation, as the only UK energy company with more home-generation customers than supply. From using digital innovation to help UK households and businesses manage their energy usage more efficiently, to empowering more people to generate, store and share clean power, it is leading the charge towards a cleaner, distributed energy system.