BIDTIMES ORD 0.5P 
By ("The Company" or "PowerHouse")
Further Re. Proposed acquisition of Pyromex Holding, AG
PowerHouse (AIM: PHE), an alternative energy company
specialising in the manufacture and sale of zero emission
waste-to-energy equipment systems, is pleased to announce
that further to the announcement made on 3 August 2011, on 30
December 2011 it served notice on the vendor, Peter Jeney, to
exercise its option to acquire the remaining 70 per cent.
interest in Pyromex Holding, AG ("Pyromex")("the Target
Shares") for an initial consideration of £2.5 million in cash
over the 18 months following completion and a maximum
potential further consideration of £30.5 million dependent on
the achievement of certain market capitalisation or profit
targets of the enlarged Group.
The terms of the option that PowerHouse has exercised are as
follows:
