Kibo Energy PLC (JSE:KBO) News - Issue of Shares in lieu of Payment to Contractors

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”)

10 November 2021

                        Kibo Energy PLC (‘Kibo’ or the ‘Company’)
                      Issue of Shares in lieu of Payment to Contractors

Kibo Energy PLC (AIM: KIBO; AltX:KBO), the renewable energy focused development company,
announces the issue of 25,308,700 ordinary shares at 0.2 pence per share, of par value €0.001 each
(the “Settlement Shares”) to certain providers of financial and technical services in payment of
outstanding invoices.


Total Voting Rights


Application will be made for the Settlement Shares to be admitted to trading on AIM and the JSE
AltX markets. Trading in the Subscription Shares is expected to commence on AIM and the JSE on
or around 17 November 2021 ('Admission'). Following Admission, the Company will have
2,930,657,437 shares in issue and this figure may be used by shareholders as the denominator for
the calculations to determine if they are required to notify their interest in, or a change to their
interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

                                             **ENDS**

This announcement contains inside information as stipulated under the Market Abuse Regulations
(EU) no. 596/2014.

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/  info@stbridespartners.com      St Brides Partners  Investor and Media Relations Adviser
Oonagh Reidy


Notes
Kibo Energy PLC is a multi-asset, UK & Africa focused, energy company positioned to participate in
the renewable energy markets. Its main focus is in the UK and South Africa in the developing waste-
to-energy market whilst elsewhere in Africa it seeks to address the acute power deficit on the
continent through its interest in three coal-fueled power projects optimized to use the latest green-
house gas emission reducing technology in combination with co-located renewable energy generation.


Additionally, the Company has a 55.42% interest in MAST Energy Developments Plc ('MED') an
LSE listed UK company targeting the development and operation of flexible power plants to service
the UK Reserve Power generation market.


Johannesburg
10 November 2021
Corporate and Designated Adviser
River Group

Date: 10-11-2021 09:00:00
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