Scrip Dividend Reference Price

Good Energy confirms that the scrip dividend reference price will be 217.4p per share for the fully paid ordinary shares to be issued to shareholders electing to receive the scrip dividend alternative for the final dividend for the year ended 31 December 2016. Subject to shareholder approval at the AGM on 21 June 2017, the final dividend will be payable on 20 July 2017.

The scrip dividend reference price was calculated from the average of the middle market quotation for an ordinary share in the Company as derived from the Daily Official List of the London Stock Exchange during the period of five dealing days commencing on the ex-dividend date (8 June 2017).

The expected timetable for payment of the final dividend is set out below:

21 June 2017

Annual General Meeting

22 June 2017, 4pm

Final date and time for receipt of forms of election

18 July 2017

Posting of dividend cheques and tax vouchers for cash dividend

20 July 2017

Issue and allotment of new ordinary shares for scrip dividend and admission to trading

20 July 2017

Issue and posting of new share certificates for scrip dividend

20 July 2017

Cash dividend payment date

Shareholders who wish to participate in Good Energy’s scrip dividend scheme, but have not yet elected to do so, may complete the Scrip Dividend Mandate online at www.investorcentre.co.uk or obtain a mandate form by contacting the Company’s registrar, Computershare, on 0370 707 1154 or via www.investorcentre.co.uk/contactus.