POWERHOUSE VENTURES LIMITED — Proxy Solicitation & Information Statement 2025

May 26, 2025

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Powerhouse Ventures Limited Suite 201, 117-119 McLachlan Street Fortitude Valley, QLD 4000 ACN 612 076 169

27 May 2025

Dear Shareholder

JUNE 2025 GENERAL MEETING

Powerhouse Ventures Limited (ASX: PVL) (“the Company”) advises that a General Meeting of the shareholders of the Company is scheduled to be held online via meeting registration at https://meeting.xcend.app/PVLGMJUNE2025 on Thursday 26 June 2025 at 10.00am (AEST).

The main purpose of this meeting concerns Directors’ Performance Rights. Previously, there were 6,000,000 Performance Rights granted to each of David McNamee and James Kruger as approved at our 21 November 2024 AGM. What we are doing under this proposal is to add a net of an additional 1,500,000 Performance Rights with the same terms. This is to incentivise Doron Eldar as our third director now onboard and actively assisting the Company drive shareholder value. As foreshadowed in the announcement made to the ASX on 20 February 2025; to make each director equivalent with 4,500,000 Performance Rights each, James Kruger and David McNamee have agreed to forfeit each 1,500,000 of the previously granted Performance Rights. In other words, after this approval each of Doron Eldar, David McNamee and James Kruger will have 4,500,000 Performance Rights on the terms set out in 21 November Notice of Meeting and repeated in this Notice of Meeting.

In accordance with section 110D(1) of the Corporations Act 2001 (Cth) (Corporations Act), the Company will not be sending hard copies of the NOM to shareholders unless a shareholder has requested a hardcopy of the NOM or made an election for the purposes of 110E of the Corporations Act to receive documents from the Company in physical form. The NOM is made available to shareholders electronically. The Notice of the Meeting can be viewed, accessed and downloaded at https://phvl.com.au/investors/ or via the following direct link to the ASX announcements platform of the Company: https://www.asx.com.au/markets/company/pvl

Those shareholders who receive their Company communications in the post will therefore receive a printed copy of this announcement and their personalised proxy form.

Alternatively, shareholders who receive their communications electronically will receive an email from the Company’s share registry, Xcend Pty Ltd, with links directing them to the Notice of Meeting and the online voting portal https://investor.xcend.app/sha

Shareholders are strongly encouraged to vote by lodging a directed proxy appointing the Chairman before 10.00am (AEST) on Tuesday 24 June 2025. A personalised proxy form is

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enclosed. Proxies can be lodged in accordance with instructions in the enclosed personalised proxy form.

The Company thanks shareholders for their ongoing support.

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James Kruger Executive Chairman