Ann: Half Yearly Accounts , page-5

PowerHouse Energy is a global alternative energy company
with a head office in the UK but operations based in Pasadena, California. they are developing a range of new
technologies for converting waste, biomass and coal into
syngas using a very high temperature gasification system
developed by a Swiss company - Pyromex.

They would like to have Linc's modular FT-GTL system to
offer their customers to add value to their clean energy
proposition. Linc gains exclusive rights to PowerHouse Energy's above ground gasification technology on all
coal and GTL applications.

PB probably sees this as yet another option for Linc technology and to have a finger in the pie of another
clean energy company for $6M.

Below is a press release from PowerHouse regarding their
Tie up with Pyromex which gives a bit more detail on their
technology and plans.

PowerHouse Energy Announces an Acquisition
Of a 30% Equity Stake in Pyromex Holding AG.
Includes a Global Alliance, Manufacturing, Marketing and Sales Licenses
Pasadena, CA
10.12.2010
PowerHouse Energy Inc. (PowerHouse) is a leading provider of economically proven on-site clean energy
systems that use traditional and renewable forms of fuel to generate electric and thermal energy in an
environmentally responsible way. The Company offers complete turnkey waste/biomass to energy equipment
solutions- either by direct sale, or energy supply under long term power purchase agreements. Building on its
U.S customer base which includes Fortune 500 companies as well as local and state government authorities
PowerHouse is expanding it products and services to the renewable area.
To underpin its international move into the waste and biomass-to-energy markets, PowerHouse has completed
its strategic alliance with Pyromex Holding AG, Switzerland (Pyromex) by acquiring a 30 percent equity
ownership and a manufacturing license, exclusive and non-exclusive rights for international business that
includes North and Central America, Australia, Asia the Middle East and parts of Africa.
Pyromex Holdings AG of Switzerland (Pyromex) is the developer of a patented ultra high temperature (UHT),
zero emission gasification system which has been economically proven to convert a wide range of waste and
biomass materials into a synthetic gas (syngas). Syngas can be utilized for onsite power generation or can be
reformed into a liquid synthetic diesel fuel (Syndiesel) for transportation.
Pyromex has been granted a German Operating Permit under Schedules [4] and [19] of BimSchG to process up
to 23 different waste fuel sources ranging from animal manure to chlorinated plastics and is preparing to
commercialize its third plant in Munich using municipal solid waste to generate electricity.
Pyromex will continue to advance the non combustion technology, expand its application into new market and
conduct the business in other international areas. PowerHouse and Pyromex have executed a strategic
operating/marketing agreement and are working cooperatively to market Pyromex-based solutions in their
respective areas of commercial supply.
With regard to the acquisition, David Moard, CEO of PowerHouse stated that "The completion of
PowerHouse's investment and manufacturing agreement with Pyromex signals an exciting new phase of
growth for both companies and an important milestone in bringing economical and environmentally
responsible alternative power generation to needy global markets that are also struggling to find a solution to
their waste.�
CEO of Pyromex AG, Peter Jeney commented, �Pyromex looks forward to a close co-operative relationship
with PowerHouse, who we feel offers valuable synergies to our world wide projects helping to solve pressing
ecological and economical problems while at the same time creating jobs and wealth.