PowerHouse Energy Group Plc (announces that,for personal reasons with immediate effect, Keith Riley has stepped down as Acting Chief Executive Officer of the Company. Paul Emmitt, the Company's Chief Operating Officer, has agreed to become Acting Chief Executive Officer and it has also been agreed in principle that Mr. Riley will continue his relationship with the Company as a consultant. This will enable an orderly handover of Mr. Riley's responsibilities through the appointment process for Powerhouse's new CEO and will enable the Company to continue to have access to Mr. Riley's knowledge of the Company's business.

A further announcement will be made in due course as the process progresses. Mr. Riley will not be standing for re-election at the Company's Annual General Meeting on 7 September 2023. The resolution for his re-election will be withdrawn.