PHE Powerhouse Energy Group Plc

 
TIDMPHE 
 
10 October 2012 
 
                          PowerHouse Energy Group plc 
 
                        (the "Company" or "PowerHouse") 
 
                       Hill Grove assumes $250,000 loan 
 
In the Chairman's Statement accompanying the annual results for the year ended 
31 December 2011, the Chairman of PowerHouse stated that Linc Energy Ltd 
("Linc") had advised the Company that it had assigned all its rights under the 
convertible loan agreement entered into by the Company and Linc on 19 June 2012 
to Hill Grove Investments Pty Limited ("Hill Grove"). The Company has been 
further advised that all obligations under the convertible loan agreement were 
assumed by Hill Grove with effect from 19 June 2012 and Linc holds no interest 
or obligation in respect to such agreement. All loans advanced to the Company 
to date under the agreement, which amounts to $80,000, have been made by Hill 
Grove. 
 
Hill Grove holds 20,000,000 ordinary shares in the Company, representing 7.03 
per cent. of the issued share capital of the Company. Hill Grove is 
beneficially owned by Peter Bond, who holds approximately 40 per cent of the 
issued share capital of Linc, of which he is Chief Executive and Managing 
Director. 
 
For additional information please contact: 
 
PowerHouseEnergy Group plc 
 
Keith Allaun 
 
+44 (0) 20 7079 4402 
 
Merchant Securities Limited (NOMAD and Broker) 
 
David Worlidge/Simon Clements 
 
+44 (0) 20 7628 2200 
 
 
 
 
END 
 

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