Exercise of Warrants

Powerhouse Energy Group Plc (AIM: PHE), a company pioneering integrated technology that converts non-recyclable waste into low carbon energy, announces that, pursuant to the receipt of a notice of exercise of warrants, it has issued 31,240,606 new ordinary shares of 0.5 pence each in the capital of the Company ("Ordinary Shares") at the exercise price of 0.29 pence per share ("New Shares").

Admission to AIM

Application will be made to London Stock Exchange plc for the 31,240,606 New Shares to be admitted to trading on the AIM market of the London Stock Exchange ("Admission"). It is currently anticipated that Admission will become effective and that dealings in the New Shares will commence on AIM at 8.00 a.m. on or around 11 June 2024. The New Shares will rank pari passu with the existing Ordinary Shares.

Total voting rights

On Admission, the Company will have 4,196,654,741 Ordinary Shares in issue, each with one voting right. There are no shares held in treasury. Therefore, the Company's total number of Ordinary Shares in issue and voting rights will be 4,196,654,741 and 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 to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.