KIBO ENERGY PLC - MAST Energy Developments PLC: Operational Update

MAST Energy Developments PLC: Operational Update

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 May 2021

                            MAST Energy Developments PLC: Operational Update

Kibo Energy PLC (‘Kibo’ or the ‘Company’), the multi-asset, Africa & UK focused energy company notes an RNS
by MAST Energy Developments PLC (‘MAST’) issued today and that can be viewed at the following link:


https://polaris.brighterir.com/public/mast_energy_developments/news/rns/story/rg4317r

MAST Energy Developments PLC is a reserve/peaking power company in which Kibo holds a 55% interest.

                                                    **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                Broker

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

Isabel de Salis /
                        +44 (0) 20 7236 1177 St Brides Partners Ltd      Investor and Media Relations Adviser
Charlotte Hollinshead


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.

Johannesburg
06 May 2021
Corporate and Designated Adviser
River Group

Date: 06-05-2021 12:15:00
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