KIBO ENERGY PLC - Project Acquisition Update

Project Acquisition Update

Kibo Energy PLC (Incorporated in Ireland)
(Registration Number: 451931)
(External registration number: 2011/007371/10)
LEI Code: 635400WTCRIZB6TVGZ23
Share code on the JSE Limited: KBO
Share code on the AIM: KIBO
ISIN: IE00B97C0C31
('Kibo' or 'the Company')

Dated: 7.00am on 14 April 2025

                           Kibo Energy PLC ('Kibo' or the 'Company')
                                  Project Acquisition Update

Kibo Energy PLC (AIM: KIBO; AltX: KBO), is pleased to announce that it is at an advanced stage
in its assessment of potential projects that it is considering for acquisition under a Reverse Takeover
Transaction ("RTO"). Under AIM Rule 15, trading in the Company's shares will be suspended on
AIM from 7.30 a.m. on 14 April 2025.

The JSE has determined that there is no basis to suspend trading in the Company's securities at this
stage and trading on the JSE will not be suspended at this stage.

The Company will keep the market updated on progress with its project acquisition discussions.

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

                                             **ENDS**

For further information please visit www.kibo.energy or contact:

 Cobus van der Merwe   info@kibo.energy    Kibo Energy PLC                         Chief Executive
                                                                                   Officer
 James Biddle          +44 207 628 3396    Beaumont Cornish Limited                Nominated Adviser
 Roland Cornish
 
 James Sheehan         +44 20 7048 9400    Global Investment Strategy UK Limited   Broker

Beaumont Cornish Limited ('Beaumont Cornish') is the Company's Nominated Adviser and is
authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's
Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities
under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the
London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other
persons for providing protections afforded to customers of Beaumont Cornish nor for advising them
in relation to the proposed arrangements described in this announcement or any matter referred to
in it.

Johannesburg
14 April 2025
Corporate and Designated Adviser
River Group

Date: 14-04-2025 08:12:00
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