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SEPCOIII Strategic Development Agreement
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: 11 December 2018
Kibo Energy PLC (‘Kibo’ or the ‘Company’)
SEPCOIII Strategic Development Agreement
Kibo Energy PLC (“Kibo” or the “Company”), the multi-asset, Africa focused energy company, announces that
further to the announcement dated 3 December 2018, the Board of Kibo has elected to extend the deadline for
the final confirmation of the Strategic Development Agreement (“SDA”) with SEPCOIII (announced 3 July
2018), for a further 4 months to 30 March 2019. It has been agreed that this is a period of non-exclusivity during
which Kibo can enter into discussions with alternative interested parties. The Company’s relationship with
SEPCOIII remains a strong and positive working relationship as is reflected in their continued close co-
operation to finalize the SDA referred to above and on the development of the Mbeya Coal to Power Project,
where the parties have amongst others signed a joint development agreement and EPC contract. The Company
looks forward to updating the market further in this regard in due course.
The Company also advises that the Kibo Energy research note that was recently prepared and published by First
Equity will also be available on the Company’s website as of 12pm GMT, 11 December 2018.
**ENDS**
This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no.
596/2014 ("MAR").
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 Corporate and Designated
Adviser on JSE
Ben Tadd / +44 (0) 20 3700 0093 SVS Securities Limited Joint Broker
Tom Curran
Jason Robertson +44 (0) 20 7374 2212 First Equity Limited Joint Broker
Andrew Thomson +61 8 9480 2500 RFC Ambrian Limited NOMAD on AIM
Isabel de Salis / +44 (0) 20 7236 1177 St Brides Partners Ltd Investor and Media
Gaby Jenner 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
11 December 2018
Corporate and Designated Adviser
River Group
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