KIBO ENERGY PLC - Issue of Shares in lieu of Payment to Service Provider

Issue of Shares in lieu of Payment to Service Provider

Kibo Energy 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")

25 January 2023

                       Kibo Energy PLC (‘Kibo’ or the ‘Company’)
                   Issue of Shares in lieu of Payment to Service Provider

Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable energy focused development company,
announces the issue of 14,025,314 ordinary shares at 0.14 pence per share, of par value €0.001
each (the “Settlement Shares”) to a service provider in payment of an outstanding invoice for value
of £19,635.44

Total Voting Rights

Application will be made for the Settlement Shares to be admitted to trading on AIM and the JSE
AltX markets. Trading in the Subscription Shares is expected to commence on AIM and the JSE
on or around 1 February 2023 ('Admission'). Following Admission, the Company will have
3,053,222,772 shares in issue and this figure may be used by shareholders as the denominator for
the calculations to determine if they are required to notify their interest in, or a change to their
interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.


                                               **ENDS**

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

For further information please visit www.kibo.energy or contact:

Louis Coetzee    info@kibo.energy             Kibo Energy PLC            Chief Executive Officer

Andreas Lianos   +357 99 53 1107              River Group                JSE Corporate and Designated Adviser

Claire Noyce     +44 (0) 20 3764 2341         Hybridan LLP               Joint Broker
                 
Damon Heath      +44 207 186 9952             Shard Capital Partners LLP Joint Broker

James Biddle     +44 (0) 207 628 3396         Beaumont Cornish           Nominated Adviser
Roland Cornish
                                                                         
Zainab Slemang   zainab@lifacommunications.com Lifa Communications       Investor and Media Relations Adviser
van Rijmenant

Johannesburg
25 January 2023
Corporate and Designated Adviser
River Group

Date: 25-01-2023 01:07:00
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