KIBO ENERGY PLC - PDMR Share Sale

PDMR Share Sale

Kibo Energy PLC (Incorporated in Ireland)
(Registration Number: 451931)
(External registration number: 2011/007371/10)
LEI code: 635400WTCRIZB6TVGZ23
Share code on the JSE Limited: KBO
Share code on the AIM: KIBO
ISIN: IE00B97C0C31
('Kibo' or 'the Company')

Dated: 31 January 2024
                              Kibo Energy PLC ('Kibo' or the 'Company')

                                              PDMR Share Sale

Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable energy-focused development company
announces that Louis Scheepers, the Company's Chief Operating Officer, and a Person Discharging
Managerial Responsibility (PDMR) under the Company's Share Dealing Policy Code has traded Kibo
shares on January 29, 2024 (the "Share Trade"). Mr. Scheepers has obtained consent from the
Company for the Share Trade and has notified the FCA in the prescribed manner. The details of the
Share Trade are shown on the table below. Following the Share Trade Mr. Scheepers and Related
Parties hold 10,234,404 Ordinary Shares in the Company representing a 0.24% beneficial interest in
the Company.

                                  DEALING
                             NOTIFICATION FORM
       FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND
                               THEIR CLOSELY ASSOCIATED PERSONS

           Details of the person discharging managerial responsibilities/person closely associated
  1.
  a)       Name:                                                                        Louis Scheepers
   2.      Reason for the notification
  a)       Position/status:                                                     Chief Operating Officer -PDMR
  b)       Initial notification/Amendment:                                                   Initial
  3.       Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction
           monitor
  a)       Name:                                                                        Kibo Energy PLC
  b)       LEI:                                                                  635400WTCRIZB6TVGZ23
   4.      Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of
           transaction; (iii) each date; and (iv) each place where transactions have been conducted
  a)       Description of the financial instrument,                         Ordinary Shares of €0.0001 each
            type of instrument:                                                     IE00B97C0C31 / KIBO
           Identification code
  b)       Nature of the transaction:                                                Sale of Securities
  c)       Price(s) and volume(s):
                                                                           Volumes                      Price
                                                                           48,637,857                      £0.0004

  d)       Aggregated information:                                                      N/A
               *Aggregated volume:
               *Price:
  e)       Date of the transaction:                                      29 /1/2024 (Settlement on 31/1/2024)
  f)       Place of the transaction:                                           London Stock Exchange/AIM

                                                   **ENDS**
This announcement is made in accordance with the requirements of the Market Abuse Regulations
(EU) no. 596/2014 (part of UK law by virtue of the European Union (Withdrawal) Act 2018) and
AIM Rule 21.

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

 Louis Coetzee     info@kibo.energy                Kibo Energy PLC              Chief Executive Officer
 James Biddle      +44 207 628 3396                Beaumont Cornish Limited     Nominated Adviser
 Roland Cornish
 Claire Noyce      +44 20 3764 2341                Hybridan LLP                 Joint Broker
 Damon Heath       +44 207 186 9952                Shard Capital Partners LLP   Joint Broker
 Zainab Slemang    zainab@lifacommunications.com   Lifa Communications          Investor and Media
 van Rijmenant                                                                  Relations Consultant

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is
authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's
Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities
under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the
London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other
persons for providing protections afforded to customers of Beaumont Cornish nor for advising them
in relation to the proposed arrangements described in this announcement or any matter referred to
in it.

Johannesburg
31 January 2024
Corporate and Designated Adviser
River Group

Date: 31-01-2024 12:42:00
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