May 17, 2016 - 2:00 AM EDT
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PowerHouse Energy Group plc
("PowerHouse" or the "Company")

Directorate Change

The Company announces that Clive Carver has joined the board as a Non-Executive Director with immediate effect.

After qualifying as a chartered accountant with Coopers & Lybrand in 1986, Mr Carver pursued a career as a corporate financier with Shire Trust, Kleinwort Benson, Price Waterhouse, Williams de Broe and Seymour Pierce, culminating in his role in 2006 as a founding Director and Head of Corporate Finance of finnCap, which he undertook until 2011. Mr Carver is currently Chairman of three quoted companies and a non-executive director of Darwin Strategic Limited and Eco City Vehicles.

Keith Allaun, Executive Chairman of the Company said:

“The Board of Directors and I are pleased to welcome Mr Carver to the Company. We believe that having a gentleman with Mr. Carver’s knowledge, expertise and vast experience in the market join the PowerHouse Board of Directors will have a positive impact on the Company as we focus our attention on the commercialisation of our G3-UHt technology."

Clive Carver said:

“With the company’s finances now on a firmer footing the success of the company should rest on the quality of the technology.

I am pleased to be joining the board of Powerhouse at the time of its re-launch and look forward to working with Keith Allaun and his team in translating the quality of the Company’s technology into a return for shareholders.”

The following information is disclosed in accordance with Schedule Two paragraph (g) of the AIM Rules for Companies:

Clive Nathan Carver, aged 55 years, has been a director or partner of the following companies during the five years preceding the date of this announcement:

Current Within the past 5 years
Eco City Vehicles PLC Lochard Energy PLC
365Agile Group PLC Lochard Energy Group Limited
Roxi Petroleum PLC Lochard Energy Limited
Eragon Petroleum PLC Zeus Petroleum PLC
Eragon Petroleum UA XCAP Securities PLC
ELK Associates LLP finnCap Limited
ELK Corporate Services Limited fastjet PLC
Ascent Resources PLC
Ascent Resources d.o.o.
Darwin Strategic Limited
Fairfax Close Management Limited
NCC research Limited

There are no other disclosures required in relation to Rule 17 or paragraph (g) of Schedule 2 of the AIM Rules for Companies.


For additional information please contact:

PowerHouse Energy Group plc
Keith Allaun
+1 352 359 0911
WH Ireland Limited (Nominated Adviser)
James Joyce / James Bavister
+44 (0) 20 7220 1677
Vicarage Capital Limited (Joint Broker)
Jeremy Woodgate
+44 (0) 20 3651 2910

Source: PR Newswire (May 17, 2016 - 2:00 AM EDT)

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