MENA, GCC and Asia Marketing Agreement

Powerhouse Energy Group plc (AIM: PHE), a company pioneering integrated technology that converts non-recyclable waste into low carbon energy with its revenue generating engineering consulting subsidiary ("Engsolve"), is pleased to announce that it has signed a marketing agreement with Green Gecko Energy Limited ("Green Gecko"), a UK based consultancy, which will act as the Company's sole agent in introducing Powerhouse to potential opportunities across the Abraham Accord countries, the wider MENA and GCC region, and certain countries within Asia.

Highlights:

• Green Gecko was formed by David Scott and Peter Nutt and in the past 12 months they, and Sir Liam Fox, who is an adviser to the company, have been working in the Abraham Accords signatory countries, the wider MENA and GCC region and certain countries within Asia to identify a number of projects to exclusively utilise the Powerhouse high-temperature pyrolysis (HTP) modular solution.
• Projects currently identified for Powerhouse by the Green Gecko team are located in Bahrain, Egypt, Kuwait and Oman; and address market niches including:

o pilot sites, predominately to address the processing of tyres and other elastomers and/or polymers as well as plastic(s); and

o deployment of high-temperature pyrolysis (HTP) modular solutions, which can be expanded as performance and offtake markets are proven.

• No up-front funding is required from the Company.
• Agreement is on a "no win, no fee" basis, where any payment by the Company to Green Gecko will be made on a commission basis, and satisfied through a combination of cash and options over up to 3% of the Company's current share capital (exercisable at a price of 0.5 pence) wherein specific construction related milestones (and associated payments to PHE) are achieved by the projects introduced by Green Gecko.

Commenting on the Agreement, Paul Emmitt, Powerhouse CEO, said:

"We are delighted to enter into this agreement with the Green Gecko team. MENA is a huge market, and our technology has the potential to provide a solution to the green energy needs of this region. David and Peter are highly connected and experienced in the area and we believe that with them we will gain significant traction for our business model and offering.

"We look forward to working with the Green Gecko team in further spreading our geographic footprint as this relationship delivers the opportunities that we believe are inherent in the region for our technology."

Peter Nutt and David Scott, Directors of Green Gecko Energy said:

"We both are delighted to enter into this agreement with Powerhouse Energy. We have a number of projects which we anticipate bringing to the Company from our relationships in the Abraham Accord countries, MENA, GCC region and Asia.

"We look forward to working with Paul and the Team in the year ahead."