Further re RenewMe Agreement

30 April 2014

                          PowerHouse Energy Group plc                          

                        ("PowerHouse" or the "Company")                        

                         Further re. RenewMe Agreement                         


Further to the announcement dated 3 March 2014, the Company advises that the
cash element of the consideration of €211,000, which was due to be paid by 11
March 2014 under the terms of the agreement, remains outstanding. Subsequently,
the Company believed that RenewMe Limited ("RenewMe") had verbally agreed that
the cash payment could be made out of the proceeds of a fund raising the
Company is currently pursuing. In the event that the fundraising does not
proceed, the Company will be reliant on Hillgrove Investments Pty Limited
("Hillgrove") providing the necessary funds under the Convertible Loan
Agreement dated 18 October 2012 (as previously announced) and RenewMe accepting
the cash payment in full and final settlement on the terms previously agreed
with RenewMe.

On 28 June 2013, Hillgrove provided the Company with a letter of financial
support to ensure the Company continues to meet its obligations as they fall
due and to ensure it operates as a going concern for a period of at least 12
months.

Under the terms of the agreement with RenewMe announced on 3 March 2014,
termination of the exclusive licences claimed to be held by RenewMe and the
settlement of its claims against the Company was subject to, among other
things, payment of the sum referred to above.

For additional information please contact:
PowerHouse Energy Group plc

Keith Allaun - Executive Chairman
Phone: [phone]
Email: [e-mail]

Sanlam Securities UK Limited (NOMAD and Broker)
David Worlidge/Simon Clements
[phone]