KIBO ENERGY PLC - Appointment of Broker

Appointment of Broker

   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

   Dated: 25 January 2021
                                Kibo Energy PLC (‘Kibo’ or the ‘Company’)
                                           Appointment of Broker


   Kibo Energy PLC, the multi-asset, Africa focused, energy company, is pleased to announce the
   appointment of a new broker, Hybridan LLP, with immediate effect.

                                                 **ENDS**

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

   Louis Coetzee         info@kibo.energy      Kibo Energy PLC           Chief Executive Officer
   
   Andreas Lianos        +27 (0) 83 4408365    River Group               JSE Corporate and Designated Adviser
   
   Claire Noyce          +44 (0) 20 3764 2341 Hybridan LLP               Broker
   
   Bhavesh Patel /       +44 20 3440 6800      RFC Ambrian Limited       NOMAD on AIM
   Stephen Allen
   
   Isabel de Salis /     +44 (0) 20 7236 1177 St Brides Partners Ltd     Investor and Media Relations Adviser
   Beth Melluish


   Notes
   Kibo Energy PLC is a multi-asset, Africa focused, 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 has a 60% interest in MAST Energy Developments Limited (‘MED’), a
   private UK registered company targeting the development and operation of flexible power plants to
   service the UK Reserve Power generation market.

   Johannesburg
   25 January 2021
   Corporate and Designated Adviser
   River Group

Date: 25-01-2021 09:00:00
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