Goodtech — Share Issue/Capital Change 2020

Dec 10, 2020

Goodtech ASA: New share capital registered

Goodtech ASA: New share capital registered

Oslo, 10 December 2020:

Reference is made to the previous stock exchange notices where Goodtech ASA ("Goodtech" or the "Company") announced the allocation of 4,166,666 shares at a subscription price of NOK 10.80 per share, raising gross proceeds of approx. NOK 45 million in a directed share issue (the "Directed Share Issue").

The share capital increase pertaining to the issuance of the 4,166,666 new shares has now been registered with the Norwegian Register of Business Enterprises. the Company's new registered share capital is 54,085,624, divided into 27,042,812 shares, each with a par value of NOK 2 per share. Each share represents one vote in the Company's general meeting.

For further information:

Eric Staurset, group managing director Goodtech ASA

Tel. +47 98 28 11 42

Email: eric.staurset@goodtech.no

About Goodtech:

Goodtech is a leading Nordic environmental and technology supplier with main competence within automation, industrial IT, environmental technology and advanced industrial production technology. Our vision is to be the preferred choice for industrial efficiency.

This information is subject to the disclosure requirements pursuant to Section 5 -12 the Norwegian Securities Trading Act.