REG-Powerhouse Enrgy Grp: Issue of Equity

Powerhouse EnergyAnnouncement

19/07/2021 12:00

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

19 July 2021

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 8,000,000 ordinary shares of 0.5p each in the
Company (“Ordinary Shares”) further to the exercise of options at 0.6p per
Ordinary Share.

Application has been made for the admission of 8,000,000 Ordinary Shares to
trading on AIM (“Admission”) and it is expected that this will occur on or
around 22 July 2021. 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
3,929,914,135 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.

-ENDS-

For more information, contact: 

 Powerhouse Energy Group plc                       Tel: +44 (0) 203 368 6399  
 Tim Yeo, Executive Chairman                                                  
                                                                              
 WH Ireland Limited (Nominated Adviser)            Tel: +44 (0) 207 220 1666  
 James Joyce/ Lydia Zychowska                                                 
                                                                              
 Turner Pope Investments (TPI) Ltd (Joint Broker)  Tel: +44 (0) 203 657 0050  
 Andrew Thacker                                                               
                                                                              
 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
efficiently and economically convert them into syngas from which valuable
products such as chemical precursors, hydrogen, electricity and other
industrial products may be derived. Powerhouse’s technology is one of the
world's first proven, distributed, modular, hydrogen from waste (HfW) process.

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

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. As announced on 11th February 2020 under its Supplemental
Agreement with Peel Environmental, Powerhouse will receive an annual license
fee of £500,000 in respect of each project which is commissioned.

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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