KIBO ENERGY PLC - Update on Publication of Companys Full Year and Half-Yearly Accounts

Update on Publication of Company’s Full Year and Half-Yearly Accounts

  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: 25 August 2020
                            Kibo Energy PLC (‘Kibo’ or the ‘Company’)
                Update on Publication of Company’s Full Year and Half-Yearly Accounts

  Kibo Energy PLC ("Kibo" or the "Company"), the multi-asset, Africa focused, energy company
  announces that further to guidance published by the London Stock Exchange on financial reporting
  deadlines for AIM companies, the Company has been granted an extension of up to three months for
  the reporting and filing of its financial results for the year ended 31 December 2019, such that it will
  publish these on or before 30 September 2020.

  The Company is also extending the date on which it needs to publish its half yearly report by one month.
  The Company now intends to publish its half-yearly report on or before the 31 October 2020.

  The extension is a direct result of the ongoing impact of coronavirus, which now allows additional time
  for the audit and preparation of these accounts to be completed.

                                                **ENDS**

  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
                                                   ETX Capital Limited         Broker
Philip Adler             +44 (0) 20 7392 1494

Bhavesh Patel/Stephen +44 20 3440 6800             RFC Ambrian Limited         NOMAD on AIM
Allen

Charlotte Page/Beth   +44 (0) 20 7236 1177         St Brides Partners Ltd      Investor and Media Relations
Melluish                                                                       Adviser

  Notes
  Kibo Energy PLC is a multi-asset, Africa focused, 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 has a 60% interest in MAST Energy Developments Limited ('MED'), a
  private UK registered company targeting the development and operation of flexible power plants to
  service the UK Reserve Power generation market.


Johannesburg
25 August 2020
Corporate and Designated Adviser
River Group

Date: 25-08-2020 01:00:00
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