KIBO MINING PLC - Completion of Second School Support Project

Release Date: 06/08/2018 08:00
Code(s): KBO
 
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Completion of Second School Support Project

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”)


Dated: 6 August 2018


                               Kibo Energy PLC (‘Kibo’ or the ‘Company’)
                              Completion of Second School Support Project


Kibo Energy PLC (“Kibo” or the “Company”), the multi-asset, Africa focused, energy company, is pleased to
announce that it has completed the second phase of the school building and upgrade programme at the villages
of Mheza and Namkukwe. The project is part of an ongoing programme between Kibo and the towns of Mheza
and Namkukwe, located directly North East of the Mbeya Coal to Power Project (“MCPP”) in the Songwe
Region in South Western Tanzania, to extend and refurbish the local schools in the respective towns. The first
phase of the project, consisting of building two new classrooms, was completed and officially opened on 3
March 2017 as reported by RNS on 6 March 2017.


In the second phase of the project, Kibo committed to completely rebuilding a school facility in Mheza, after a
rainstorm destroyed a school building containing two classrooms and teachers’ offices. Concurrently, a new
classroom was added to the neighboring Namkukwe school. The construction work was jointly undertaken by
Kibo and the villagers of Mheza and Namkukwe.


Completion of the two phases has so far added a total of five new classrooms and one teacher’s facility to the
two schools.


Louis Coetzee, CEO of Kibo Energy, said: “Mheza and Namkukwe are very close to our hearts - Kibo’s home
has been in Tanzania for many years now and we are pleased that we can work with the local communities
furthering ongoing development and improvement in the local region.


“It is our hope that the MCPP will provide many direct and indirect job opportunities in the region during its
construction and later during production. We’ll be operating in the region for years to come and are very much
committed to the development of high quality education infrastructure in order to strengthen both regional and
national development.”


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


 Louis Coetzee             info@kibomining.com       Kibo Energy 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 Limited      Joint Broker
 Tom Curran
 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 / Priit   +44 (0) 20 7236 1177      St Brides Partners Ltd       Investor and Media
 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
6 August 2018
Corporate and Designated Adviser
River Group

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