KIBO ENERGY PLC - Change in Significant Shareholder

Change in Significant Shareholder

  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:29 June 2020
                            Kibo Energy PLC (‘Kibo’ or the ‘Company’)


                                  Change in Significant Shareholder


  Kibo Energy PLC, the multi-asset, Africa focused, energy company wishes to confirm that one of its
  Significant Shareholders, Shumba Energy Limited (and related parties) has today confirmed that its
  shareholding in the Company has fallen below 3% and is therefore no longer a Significant Shareholder
  under AIM Rules. The Company’s website will be updated accordingly.

                                               **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

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

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

Charlotte Page /        +44 (0) 20 7236 1177       St Brides Partners Ltd   Investor and Media Relations
Beth 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
29 June 2020
Corporate and Designated Adviser
River Group

Date: 29-06-2020 12:10:00
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