REG-Powerhouse Enrgy Grp: Issue of Equity

Powerhouse EnergyAnnouncement

07/07/2020 14:05

Powerhouse Energy Group plc

("Powerhouse" or the "Company")

Issue of Equity

Powerhouse Energy Group plc (AIM: PHE), the UK technology company
commercialising hydrogen production from waste plastic, announces that the
Company is issuing 5,300,000 ordinary shares of 0.5p each in the Company
(“Ordinary Shares”) further to the exercise of warrants at 0.5p per
Ordinary Share.

Application has been made for the admission of 5,300,000 Ordinary Shares to
trading on AIM (“Admission”) and it is expected that this will occur on or
around 10 July 2020. These shares will rank pari passu in all respects with
the Company's existing issued Ordinary Shares.

Subsequent to the issue of Ordinary Shares, the Company will have
2,077,660,416 Ordinary Shares in issue. Powerhouse has no shares in Treasury,
therefore this figure may be used by shareholders, from Admission, as the
denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change in their interest in, the
share capital of the Company under the FCA's Disclosure and Transparency
Rules.

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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