Resignation of Nomad and update on RenewMe

1 April 2016

PowerHouse Energy Group plc

(“PowerHouse” or the “Company”)

Resignation of Nomad and update on RenewMe

PowerHouse announces that on 8 February 2016, the Company received a claim from RenewMe Limited (“RenewMe”) relating to a settlement entered into between the Company and RenewMe as announced on 3 March 2014 (the “Claim”).  The Company is in discussions with RenewMe regarding the Claim and a further announcement in relation to the Claim will be made in due course.

The Company also announces that Allenby Capital Limited has resigned as the Company's Nominated Adviser and Joint Broker with immediate effect. The Company's shares have therefore been suspended pursuant to AIM Rule 1.

The Directors of the Company are actively pursuing the appointment of a new Nominated Adviser.

Shareholders should note that if within one month of the Company's suspension it has failed to appoint a replacement Nominated Adviser, the admission of the Company's securities will be cancelled from AIM.

For additional information please contact:                                                                                     

PowerHouse Energy Group plc

Keith Allaun                                                                                                      [phone]