Kibo Share Forfeiture 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: 23 June 2015 Kibo Share Forfeiture Kibo Mining Plc ("Kibo" or the "Company") (AIM:KIBO; JSE AltX: KBO), the Tanzania focused mineral exploration and development company announces in accordance with the terms of its Articles of Association, that it has today declared 4,090,000 Ordinary Shares ("Forfeited Shares") issued to XCAP Nominees Limited <Placings> (XCAP"), a subsidiary of Hume Capital Limited, on the 3rd March 2015, forfeited. The Forfeited Shares remained unpaid at the 22 June 2015 which was the final date advised to XCAP for receipt of funds by Kibo for the Forfeited Shares. The Forfeited Shares will now be placed in a Company treasury account for disposal at a later date. The table below shows the number of Kibo Shares issued and outstanding prior to and after the share process. Shares Issued & Outstanding Kibo Shares Issued & Prior to Share Forfeiture Shares Forfeited Outstanding after Share Forfeiture 328,898,757 4,090,000 324,808,757 (and 4,090,000 ordinary shares held in Kibo treasury account) An application has been made for the Forfeited Shares to be delisted from AIM and the JSE and this is expected to take place on 23 June 2015 Contacts Louis Coetzee +27 (0) 83 2606126 Kibo Mining plc Chief Executive Officer Andreas Lianos +27 (0) 83 4408365 River Group Corporate and Designated Adviser on JSE Jon Belliss +44 (0) 207 382 8300 Beaufort Securities Limited Broker Oliver Morse +61 8 9480 2500 RFC Ambrian Limited Nominated Adviser on AIM Daniel Thšle Lucinda Alderson +44 (0) 203 772 2500 Bell Pottinger Investor and Media Relations Johannesburg 23 June 2015 Corporate and Designated Adviser River Group Date: 23/06/2015 04:08:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.