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

Reference is made to the guidelines for determining salaries and other
remuneration 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 has
decided to implement a share-based incentive program for senior executives in
the Company ("Incentive Program").

The Incentive Program allows senior executives to invest in shares of the
Company at market price, with sales restrictions applicable for a period of
three years ("Restricted Shares"). Provided that the senior executive remains
employed at the end of the restriction period, the Company may grant free shares
to the executive ("Matching Shares"). The terms of the Incentive Program are
further detailed in the Executive Salary Guidelines available at
www.goodtech.no.

In this round of the Incentive Program, CFO Anders Engelsen has subscribed for a
total of 56,306 Restricted Shares, with a total subscription amount of NOK 499
997,28. Based on the subscription of the Restricted Shares, the board, in
accordance 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 by
issuing 56,306 new shares with a nominal value of NOK 2 each.

In connection with the implementation of the Incentive Program-and in line with
the group's risk management policy-Goodtech ASA will reserve the remaining
125,074 of the group's 885,701 own shares that are not already tied to incentive
programs to ensure availability of Matching Shares in accordance with the
program's terms. 

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

For more information, please contact:

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

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

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