TR-1: Standard form for notification of major holdings 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: 06 June 2022 Kibo Energy PLC (‘Kibo’ or the ‘Company’) TR-1: Standard form for notification of major holdings NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) 1a. Identity of the issuer or the underlying issuer of Kibo Energy PLC existing shares to which voting rights are attached: 1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate) Non-UK issuer X 2. Reason for the notification (please mark the appropriate box or boxes with an “X”) An acquisition or disposal of voting rights X An acquisition or disposal of financial instruments An event changing the breakdown of voting rights Other (please specify): 3. Details of person subject to the notification obligation Charlemont Capital Investments société à Name responsabilité limitée City and country of registered office (if applicable) Luxembourg 4. Full name of shareholder(s) (if different from 3.) v Name City and country of registered office (if applicable) 5. Date on which the threshold was crossed or reached: 30 May 2022 6. Date on which issuer notified (DD/MM/YYYY): 1 June 2022 7. Total positions of person(s) subject to the notification obligation % of voting rights Total number of % of voting rights through financial Total of both in % voting rights held attached to shares instruments (total of (8.A + 8.B) in issuer (8.A + (total of 8. A) 8.B 1 + 8.B 2) 8.B) Resulting situation on the date on which threshold was 3.02 - 3.02 3,039,197,458 crossed or reached Position of previous notification (if 2.94 - 2.94 applicable) 8. Notified details of the resulting situation on the date on which the threshold was crossed or reached A: Voting rights attached to shares Class/type of shares Number of voting rights % of voting rights ISIN code (if possible) Direct Indirect Direct Indirect (DTR5.1) (DTR5.2.1) (DTR5.1) (DTR5.2.1) Ordinary Shares of €0.001 91,750,000 3.02% = each IE00B97C0C31 SUBTOTAL 8. A 91,750,000 3.02% B 1: Financial Instruments according to DTR5.3.1R (1) (a) Number of voting rights Type of financial Expiration Exercise/ that may be acquired if % of voting rights instrument date Conversion Period xi the instrument is exercised/converted. SUBTOTAL 8. B 1 B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b) Exercise/ Physical or Type of financial Expiration Number of Conversion cash % of voting rights instrument date voting rights Period Settlement SUBTOTAL 8.B.2 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an “X”) Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) % of voting rights % of voting rights if it Total of both if it through financial equals or is higher equals or is higher Name instruments if it equals than the notifiable than the notifiable or is higher than the threshold threshold notifiable threshold 10. In case of proxy voting, please identify: Name of the proxy holder The number and % of voting rights held The date until which the voting rights will be held 11. Additional information xvi Place of completion Luxembourg Date of completion 1 June 2022 This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014. **ENDS** For further information please visit www.kibo.energy or contact: Louis Coetzee info@kibo.energy Kibo Energy PLC Chief Executive Officer Andreas Lianos +357 99 53 1107 River Group JSE Corporate and Designated Adviser Claire Noyce +44 (0) 20 3764 2341 Hybridan LLP Joint Broker Damon Heath +44 207 186 9952 Shard Capital Partners LLP Joint Broker Bhavesh Patel / +44 20 3440 6800 RFC Ambrian Ltd NOMAD on AIM Stephen Allen Christopher energy@acfequityresearch.com ACF Equity Research Independent Equity Research House Nicholson Sewela sewela@lifacommunications.com Lifa Communications Investor and Media Relations Adviser Makgolane Johannesburg 6 June 2022 Corporate and Designated Adviser River Group Date: 06-06-2022 10:25:00 Produced by the JSE SENS Department. 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