REG-Powerhouse Enrgy Grp: Directorate Change

Powerhouse EnergyAnnouncement

16/07/2020 14:35

Powerhouse Energy Group plc
("Powerhouse" or the "Company")

Change of Directorate

Powerhouse Energy Group plc (AIM: PHE), the UK technology company
commercialising hydrogen production from waste plastic, is pleased to announce
that, further to the announcement of 26 June 2020 and the completion of the
acquisition of Waste2Tricity Limited, the appointment of Tim Yeo as a
non-executive director of the Company commences with immediate effect.

Mr Yeo has wide experience in government, serving in the Environment and
Health Departments, and subsequently as Shadow Secretary of State for Trade
and Industry in the Shadow Cabinet. He is currently the chairman of the New
Nuclear Watch Institute, Honorary Ambassador of Foreign Investment Promotion
for South Korea and since 2007 has been a non-executive director of Getlink
SE, operator of the Channel Tunnel whose market capitalisation on the Paris
Bourse exceeds £6 billion.

On joining the Board of Powerhouse Tim Yeo said:

"I am delighted to join the board as this exciting new era in Powerhouse's
history begins. Our technology is capable of both producing affordable clean
hydrogen and addressing the global problem of plastic waste. It will thereby
deliver two important environmental benefits simultaneously.” 

“I look forward to working with my new Powerhouse colleagues, and with our
partners Peel Environmental, to bring this technology successfully to
commercialisation."

Cameron Davies, Chairman of PowerHouse, said: 

“On behalf of the Directors I would like to warmly welcome Tim to the Board
at a transformational moment for Powerhouse Energy. Tim’s background and
experience is strongly aligned with our strategic vision and will undoubtedly
be of real value as we see our DMG technology become a first of a kind
commercial reality at Protos in Cheshire followed by its broad roll out across
the UK and into potential waste plastic to energy markets internationally.”

Further regulatory disclosures:

Other than as disclosed below, there are no further disclosures to be made in
accordance with AIM Rule 17 and paragraph (g) of Schedule Two of the AIM Rules
for Companies:

Name: Timothy Stephen Kenneth Yeo

Age: 75

Tim Yeo is, or has during the last five years been, a director or partner of
the following companies and partnerships:

Current Directorships

Getlink SE
Anacol Holdings Limited
Rivermill Partners Limited 
General Securities Register Limited
New Silk Road Energy Limited

Past Directorships within the last five years

AFC Energy Plc
Waste2Tricity Limited
Education Link Trust
TMO Renewables Limited
TMO Bio Tech Limited
Adeppt Limited
Clean Energy Solutions Africa Limited
Clean Energy Solutions Africa (Holdings) Limited

Mr Yeo was a director of TMO Renewables Limited from 24 November 2010 until 8
February 2017. The company entered administration on 19 December 2013, after
which he took no part in its management. It entered creditors' voluntary
liquidation on 8 December 2014. 

Mr Yeo was a director of ITI Energy Limited from 13 November 2006 until 2
April 2013. The company entered into administration on 14 November 2013 and
into creditors’ voluntary liquidation on 29 October 2014.

In 1976 Mr Yeo was a director of London Plastic Packaging Limited, a wholly
owned subsidiary of The Talbex Group Limited, a fully listed public company of
which he was a director from 1975 to 1978. A receiver was appointed over
London Plastic Packaging's assets in 1976. 

Mr Yeo holds 9,155,179 Ordinary Shares in the Company which represents 0.26%
of its issued share capital. Mr Yeo’s wife, Diane Yeo, holds 62,716,780
Ordinary Shares which represents 1.78% of its issued share capital.

For more information, contact:

 Powerhouse Energy Group plc                 Tel: +44 (0) 203 368 6399  
 David Ryan, Chief Executive Officer                                    
                                                                        
 WH Ireland Limited (Nominated Adviser)      Tel: +44 (0) 207 220 1666  
 James Joyce / Lydia Zychowska                                          
                                                                        
 Turner Pope Investments Ltd (Joint Broker)  Tel: +44 (0) 203 657 0050  
 Andrew Thacker / Zoe Alexander                                         
                                                                        
 Ikon Associates (Media enquiries)           Tel: +44 (0) 1483 271291   
 Adrian Shaw                                 Mob: +44 (0) 7979 900733   

About Powerhouse Energy Group plc

Powerhouse has developed a proprietary process technology - DMG® - which can
utilise waste, unrecycleable plastic, end-of-life-tyres, and other waste
streams to efficiently and economically convert them into syngas from which
valuable products such as hydrogen, chemical precursors, electricity and other
industrial products may be derived. The Powerhouse technology is one of the
world’s first proven, modular, hydrogen from waste (HfW) process.

The Powerhouse DMG® process can generate up to 2 tonnes of road-fuel quality
H2, and more than 58MWh of exportable electricity per day.

The Powerhouse process produces low levels of safe residues and requires a
small operating footprint, making it suitable for deployment at enterprise and
community level.

Powerhouse is quoted on the London Stock Exchange's AIM Market under the
ticker: PHE, and is incorporated in the United Kingdom.

For more information see www.powerhouseenergy.net



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