KIBO ENERGY PLC - Funding Update: Strategic Investment in UK Waste to Energy Project

Funding Update: Strategic Investment in UK Waste to Energy 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: 23 September 2021

                              Kibo Energy PLC (‘Kibo’ or the ‘Company’)
                  Funding Update: Strategic Investment in UK Waste to Energy Project

Kibo Energy PLC, the renewable energy focused development company, is pleased to announce
further to its 16 September 2021 announcement regarding the acquisition of a 54.54% interest in the
25 MWe Billingham waste gasification and power plant developed by EQTEC PLC (AIM: EQT) (the
“Transaction”), that the Company is now in receipt of a number of formal term sheets for the funding
of the Transaction.


The aggregate amount of funding offered to the Company under the term sheets exceed the total
funding requirement of GBP 3 million for the Transaction. The potential funders and the Company will
now proceed with customary due diligence and approval procedures. The Company anticipates formal
funding agreements to be completed contemporaneously with the completion of the Transaction.


Louis Coetzee, CEO of KIBO said, “The Company is very pleased with the strong interest in and rapid
progress made thus far in securing funding for the Transaction.”


This announcement contains inside information as defined in Article 7 of the EU Market Abuse
Regulation No 596/2014 and has been announced in accordance with the Company's obligations under
Article 17 of that Regulation.
                                                 ENDS

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

Louis Coetzee               Kibo Energy PLC                           info@kibo.energy
                            Chief Executive Officer

Andreas Lianos              River Group                               +357 99 53 1107
                            JSE Corporate and Designated Adviser

Claire Noyce                Hybridan LLP                              +44 (0) 20 3764 2341
                            Broker

Bhavesh Patel               RFC Ambrian Ltd                           +44 20 3440 6800
Stephen Allen               Nomad on AIM
I
sabel de Salis              St Brides Partners Ltd                    info@stbridespartners.co.uk
Oonagh Reidy                Investor & Media Relations Adviser

Johannesburg
23 September 2021
Corporate and Designated Adviser
River Group

Date: 23-09-2021 08:00:00
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