TR-1: Standard form for notification of major holdings 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: 10 November 2022 Kibo Energy PLC (‘Kibo’ or the ‘Company’) TR-1: Standard form for notification of major holdings NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) 1a. Identity of the issuer or the underlying issuer of existing Kibo Energy PLC shares to which voting rights are attached: 1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate) Non-UK issuer 2. Reason for the notification (please mark the appropriate box or boxes with an “X”) An acquisition or disposal of voting rights X An acquisition or disposal of financial instruments An event changing the breakdown of voting rights Other (please specify): 3. Details of person subject to the notification obligation Name David K Ryan City and country of registered office (if applicable) Doncaster, UK 4. Full name of shareholder(s) (if different from 3.) Name City and country of registered office (if applicable) 5. Date on which the threshold was crossed or reached: 07/11/2022 6. Date on which issuer notified (DD/MM/YYYY): 08/11/2022 7. Total positions of person(s) subject to the notification obligation % of voting rights % of voting rights Total number of through financial Total of both in % attached to shares voting rights of instruments (total of (8.A + 8.B) (total of 8. A) issuer 8.B 1 + 8.B 2) Resulting situation on the date on which threshold 0% 0% 3,039,197,458 was crossed or reached Position of previous 4.28% 4.28% notification (if applicable) 8. Notified details of the resulting situation on the date on which the threshold was crossed or reached A: Voting rights attached to shares Class/type of Number of voting rights % of voting rights shares Direct Indirect Direct Indirect ISIN code (if (Art 9 of Directive (Art 10 of (Art 9 of Directive (Art 10 of possible) 2004/109/EC) Directive 2004/109/EC) (DTR5.1) Directive (DTR5.1) 2004/109/EC) 2004/109/EC (DTR5.2.1) ) (DTR5.2.1) 0 0% SUBTOTAL 8. A 0 0% B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) Number of voting rights Type of financial Expiration Exercise/ Conversion that may be acquired if the % of voting instrument date Period instrument is rights exercised/converted. SUBTOTAL 8. B 1 B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) Type of Exercise/ Expiration Physical or cash Number of % of voting financial Conversion date settlement voting rights rights instrument Period SUBTOTAL 8.B.2 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an “X”) Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the X (underlying) issuer Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) % of voting rights % of voting rights if it through financial Total of both if it Name equals or is higher than instruments if it equals equals or is higher than the notifiable threshold or is higher than the the notifiable threshold notifiable threshold 10. In case of proxy voting, please identify: Name of the proxy holder The number and % of voting rights held The date until which the voting rights will be held 11. Additional information Place of completion UK Date of completion 9/11/2022 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 Joint Broker Damon Heath +44 207 186 9952 Shard Capital Partners LLP Joint Broker Bhavesh Patel / +44 20 3440 6800 RFC Ambrian Ltd NOMAD on AIM Stephen Allen Zainab Slemang zainab@lifacommunications.co.za Lifa Communications Investor and Media Relations Consultant van Rijmenant Johannesburg 10 November 2022 Corporate and Designated Adviser River Group Date: 10-11-2022 03:48:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 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