CFO invests in Goodtech as part of RSU program

Goodtech continues its share-based incentive program for senior executives inaccordance with the resolution of the general meeting.

Reference is made to the guidelines for determining salaries and otherremuneration for senior executives in Goodtech ASA ("Goodtech" or the"Company"), as approved at the annual general meeting on April 25, 2024("Executive Salary Guidelines"). In line with these guidelines, the board hasdecided to implement a share-based incentive program for senior executives inthe Company ("Incentive Program").

The Incentive Program allows senior executives to invest in shares of theCompany at market price, with sales restrictions applicable for a period ofthree years ("Restricted Shares"). Provided that the senior executive remainsemployed at the end of the restriction period, the Company may grant freesharesto the executive ("Matching Shares"). The terms of the Incentive Program arefurther detailed in the Executive Salary Guidelines available atwww.goodtech.no.

In this round of the Incentive Program, CFO Anders Engelsen has subscribed foratotal of 56,306 Restricted Shares, with a total subscription amount of NOK 499997,28. Based on the subscription of the Restricted Shares, the board, inaccordance with the authorization granted by the general meeting on April 25,2024, has decided to increase the Company's share capital by NOK 112,612 byissuing 56,306 new shares with a nominal value of NOK 2 each.

In connection with the implementation of the Incentive Program-and in linewiththe group's risk management policy-Goodtech ASA will reserve the remaining125,074 of the group's 885,701 own shares that are not already tied toincentiveprograms to ensure availability of Matching Shares in accordance with theprogram's terms.

After the capital increase related to the implementation of the IncentiveProgram, Goodtech's share capital will amount to NOK 59,202,362, distributedacross 29,601,181 shares with a nominal value of NOK 2 per share, where eachshare carries one vote at the Company's general meeting.

For more information, please contact:

Margrethe Hauge, CEO Goodtech ASAMobile: +47 957 96 920Email: margrethe.hauge@goodtech.no

Anders Engelsen, CFOMobile: +47 932 07 901 Email: anders.engelsen@goodtech.no

This information is subject to disclosure requirements under Article 19 of theMarket Abuse Regulation and Section 5-12 of the Norwegian Securities TradingActand is subject to disclosure requirements pursuant to the EU Market AbuseRegulation.

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