Issue of Equity

4 October 2013 PowerHouse Energy Group plc (the "Company" or "PowerHouse") Issue of shares Powerhouse announces that further to the announcement made on 9 August 2013regarding the completion of its acquisition of Pyromex AG, it has allotted theremaining tranche of 173,500 ordinary shares to Peter Jeney, Chairman andPresident of Pyromex AG, bringing his total holding to 60,172,400 ordinaryshares in Powerhouse. Additionally, the Company announces that it has issued 1,599,994 ordinaryshares to certain former shareholders of PowerHouse Energy, Inc at 1p per sharein satisfaction of the elimination of the outstanding liability to suchpersons. The agreement was reached in principle approximately six months agowhen the share price was 0.875p, however due to the number of parties involved,it has not been possible to complete the transaction until today. Application has been made for the 1,773,494 new ordinary shares to be admittedto trading on AIM. Admission of such shares is expected to become effective anddealings are expected to commence on AIM on 11 October 2013. Following the issue of the above shares, there will be 348,307,920 ordinaryshares in issue. For additional information please contact: PowerHouseEnergy Group plcKeith Allaun+44 (0) 20 7079 4407 SanlamSecurities UK Limited (NOMAD and Broker)David Worlidge/Simon Clements+44 (0) 20 7628 2200