KIBO MINING PLC - Press Speculation

Press Speculation

Kibo Mining Plc (Incorporated in Ireland)
(Registration Number: 451931)
(External registration number: 2011/007371/10)
Share code on the JSE Limited: KBO
Share code on the AIM: KIBO
ISIN: IE00B97C0C31
(‘Kibo’ or ‘the Company’)

Dated: 29 June 2018

                           Kibo Mining Plc (‘Kibo’ or the ‘Company’)

                                        Press Speculation

Kibo Mining plc (AIM: KIBO; AltX: KBO), the multi-asset Africa-focused energy and resource
company, announces that, contrary to press speculation, its engagement with the Tanzania Electric
Supply Company (‘TANESCO’) with regard to the development of the Mbeya Coal to Power Project
(‘MCPP’) remains unchanged and the Company is continuing to advance its discussions with
TANESCO regarding the Power Purchase Agreement (‘PPA’) for the 300MW MCPP.

                                            **ENDS**

This announcement contains inside information as stipulated under the Market Abuse Regulations (EU)
no. 596/2014 ("MAR").

For further information please visit www.kibomining.com or contact:

 Louis Coetzee          info@kibomining.com        Kibo Mining Plc          Chief Executive Officer
 Andreas Lianos         +27 (0) 83 4408365         River Group              Corporate and Designated
                                                                            Adviser on JSE

 Ben Tadd /             +44 (0) 20 3700 0093       SVS Securities           Joint Broker
 Tom Curran                                        Limited

 Jon Belliss            +44 (0) 20 7399 9400       Novum Securities Ltd     Joint Broker

 Andrew Thomson         +61 8 9480 2500            RFC Ambrian Limited      NOMAD on AIM

 Isabel de Salis /      +44 (0) 20 7236 1177       St Brides Partners Ltd   Investor and Media
 Priit Piip                                                                 Relations Adviser


Notes to editors
Kibo Energy plc is a multi-asset, Africa focussed, energy company positioned to address the acute
power deficit, which is one of the primary impediments to economic development in Sub-Saharan
Africa. To this end, it is the Company’s objective to become a leading independent power producer in
the region.

Kibo is simultaneously developing three similar coal-fuelled power projects: the Mbeya Coal to Power
Project (‘MCPP’) in Tanzania; the Mabesekwa Coal Independent Power Project (‘MCIPP’) in
Botswana; and the Benga Independent Power Project (‘BIPP’) in Mozambique. By developing these
projects in parallel, the Company intends to leverage considerable economies of scale and timing in
respect of strategic partnerships, procurement, equipment, human capital, execution capability /
capacity and project finance. Additionally, the Company will benefit from its robust and experienced
international blue-chip partnership network across its project portfolio, which includes: SEPCO III
(China), General Electric (USA); Tractebel Engineering (Belgium); Minxcon Consulting (South
Africa); ABSA / Barclays Africa); and Hogan Lovells International LLP.

Johannesburg
29 June 2018
Corporate and Designated Adviser
River Group

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