KIBO ENERGY PLC - Warrant Exercise

Warrant Exercise

Kibo Energy PLC (Incorporated in Ireland)
(Registration Number: 451931)
(External registration number: 2011/007371/10)
LEI code: 635400WTCRIZB6TVGZ23
Share code on the JSE Limited: KBO
Share code on the AIM: KIBO
ISIN: IE00B97C0C31
(‘Kibo’ or ‘the Company’)

Dated: 26 May 2023

                           Kibo Energy PLC ('Kibo' or the 'Company')

                                       Kibo Warrant Exercise
                                              TVR

Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable energy-focused development company,
announces that further to its RNS/SENS announcement of 4 May 2023, 48,000,000 shares of the
116,250,00 it had deferred from being issued and admitted to AIM have now been allotted following
receipt of warrant exercise funds in respect of a warrant exercise notice already received. The warrant
exercise notice relates to exercise of 48,000,000 Kibo warrants for which 48,000,000 ordinary Kibo
shares of €0.001 at a price of £0.001 (0.1p) will now be issued (the “Warrant Shares”). Total warrant
exercise funds in respect of this warrant exercise received by the Company are £48,000.

Total Voting Rights
Application will be made for the Warrant Shares to be admitted to trading on AIM and the JSE AltX
markets. Trading in the Warrant Shares is expected to commence on AIM and the JSE on or around 2
June 2023 ('Admission'). Following Admission, the Company will have 3,779,866,683 shares in issue
and the foregoing 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 and is announced in accordance with the Company’s obligations under Article
17 of the specified Regulation.

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

 Louis Coetzee    info@kibo.energy                Kibo Energy PLC              Chief Executive Officer
 
 James Biddle     +44 207 628 3396                Beaumont Cornish Limited     Nominated Adviser
 Roland Cornish
 
 Claire Noyce     +44 20 3764 2341                Hybridan LLP                 Joint Broker
 
 Damon Heath      +44 207 186 9952                Shard Capital Partners LLP   Joint Broker
 
 Zainab Slemang   zainab@lifacommunications.com   Lifa Communications          Investor and Media
 van Rijmenant                                                                 Relations Consultant


Johannesburg
26 May 2023
Corporate and Designated Adviser
River Group

Date: 26-05-2023 01:15:00
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