REG-Powerhouse Enrgy Grp: Directorate Change

Powerhouse EnergyAnnouncement

17/05/2022 10:30

Powerhouse Energy Group plc

("Powerhouse" or the "Company")

17  May 2022

Directorate Change

The Company announces that Russell Ward has informed it of his intention to
resign from the board and from his position as Non-Executive Chairman. 

To support a transition, Russell has agreed to remain in position until Friday
10(th) June 2022 while the board considers its succession options, and to
continue to support the Chief Executive Officer. The announcement of a
successor will be made in due course. 

Russell Ward said: “I am leaving for personal reasons and I wish the Company
every success, as you now have a very experienced CEO in place along with a
strong Board”. 

Paul Drennan-Durose, Chief Executive Officer of the Company, said:

“Russell has already had an influence on the business in the short time he
and I have been with the Company, and I am grateful for the support and
guidance given to me and to colleagues. Naturally, I am disappointed he has
decided to leave, but he will do so with the profound thanks and best wishes
from the board, and from key stakeholders we have quickly built relationships
with." 

-ENDS-

For more information, contact: 

 Powerhouse Energy Group plc                       Tel: +44 (0) 203 368 6399  
 Paul Drennan-Durose                                                          
                                                                              
 WH Ireland Limited (Nominated Adviser)            Tel: +44 (0) 207 220 1666  
 James Joyce / Megan Liddell                                                  
                                                                              
 Turner Pope Investments (TPI) Ltd (Joint Broker)  Tel: +44 (0) 203 657 0050  
 Andrew Thacker / James Pope                                                  
                                                                              
 SisterSmith PR (media enquiries) Becca Smith      Mob: +44 (0) 7766522305    

Notes to Editors:

About Powerhouse Energy Group plc

Powerhouse has developed a proprietary process technology - DMG® - which can
utilise waste plastic, end-of-life-tyres, and other waste streams to convert
them efficiently and economically into syngas from which valuable products
such as chemical precursors, hydrogen, electricity, and other industrial
products may be derived. 

Powerhouse’s 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.co.uk



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