POWERHOUSE ENERGY GROUP PLC - Issue of Equity

PowerHouse Energy Group plc

("PowerHouse" or the "Company")

Issue of Equity

Further to the announcement on 28 April 2016, PowerHouse (AIM: PHE) announces that it will shortly issue 90,932,961 Ordinary Shares of 0.5 pence each (“Ordinary Shares”) to Renewme Limited (“Renewme”) in full and final settlement of amounts asserted by Renewme. This issue of Ordinary Shares will release the Company from any and all previously disputed issues with Renweme.

PowerHouse will apply for these 90,932,961 Ordinary Shares to be admitted to trading on AIM and it is anticipated that trading in such shares will commence on 12 May 2016.

The total number of Ordinary Shares in issue following the issue of these new Ordinary Shares will be 569,472,998.

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.

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