KIBO ENERGY PLC - Audited results for the year ended 31 December 2019

Audited results for the year ended 31 December 2019

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 Group” or "the Company")

Audited results for the year ended 31 December 2019

Kibo Energy PLC, the multi-asset, Africa focused, energy company, is pleased to announce its audited results
for the year ended 31 December 2019.


Key Financial Performance Indicators
Loss for the year of £3,903,116 down 3.3% from £4,036,713
Loss per share of £0.004 (0.4 cents), down 33% from £0.006 (0.6 cents)
Headline loss per share of £0.005 (0.5 cents), up 25% from £0.004 (0.4 cents)
Net asset value per share of £0.022 (2.24 cents), down 45% from £0.041 (4.12 cents)

This short-form announcement is the responsibility of the directors. It is only a summary of the information
contained in the full announcement and does not contain full or complete details. Any investment decision
should be based on the full announcement published on SENS and the issuers website as a whole.

The full announcement and the auditors report thereon can be found on the company’s website at :
http://kibo.energy/wp-content/uploads/KIBO-Annual-Report-2019-Final.pdf and on the JSE website at
https://senspdf.jse.co.za/documents/2020/jse/isse/kbo/KBO311219.pdf.

The short form announcement has itself not been audited, however, the financial information included herein
has been extracted from the audited annual financial statements which have been audited by the Group’s
auditors, Crowe Ireland who expressed an unqualified opinion thereon but included a material uncertainty over
the going concern assumption and a reference to the Directors’ disclosure on going concern.

Copies of the full announcement and the auditors report thereon may also be requested at the company’s
registered office.

23 September 2020

By order of the board:

        Christian Schaffalitzky                               Chairman (Non-Executive)
            Louis Coetzee                                 Chief Executive Officer (Executive)
            Noel O’Keeffe                                 Technical Director (Non-executive)
           Andreas Lianos                                 Financial Director (Non-Executive)
             Lukas Maree                                          Executive Director
         Wenzel Kerremans                                       Non-executive Director

Company Secretary: Noel O’Keeffe

Auditors: Crowe Ireland

Brokers: ETX Capital Limited, One Broadgate, London, London ECM 2QS

UK Nominated Adviser: RFC Ambrian Limited; Level 28, QV1 Building, 250 St Georges Terrace, Perth WA
6000

Johannesburg
23 September 2020
Designated and Corporate Adviser
River Group

Date: 23-09-2020 09:00:00
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