KIBO ENERGY PLC - Sale & Purchase Agreement for the Disposal of Kibo Subsidiary Kibo Mining (Cyprus) Limited Signed

Sale & Purchase Agreement for the Disposal of Kibo Subsidiary Kibo Mining (Cyprus) Limited Signed

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: 19 September 2024
                        Kibo Energy PLC ('Kibo' or the 'Company')

   Sale & Purchase Agreement for the Disposal of Kibo Subsidiary Kibo Mining (Cyprus)
                                     Limited Signed

Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable energy-focused development company,
is pleased to announce that further to its RNS Announcement of 16 September 2024, it has now signed
the Sale & Purchase Agreement for the disposal of the Company's wholly owned Cyprus subsidiary
Kibo Mining (Cyprus) Limited ("KMCL Disposal") to Aria Capital Management Limited.

As required under AIM Rule 15, Kibo is now arranging a general meeting to seek Shareholder
Approval for the KMCY Disposal and a notice convening this general meeting will be announced
and dispatched to Shareholders next week. Completion of the Sale & Purchase Agreement is only
conditional on receiving Shareholder approval for the KMCY Disposal pursuant to AIM Rule 15.
The terms of the Sale & Purchase Agreement remain as set out in the announcement of 16 September.

                                             **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
 Claire Noyce          +44 20 3764 2341   Hybridan LLP                            Joint Broker
 James Sheehan         +44 20 7048 9400   Global Investment Strategy UK Limited   Joint 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
19 September 2024
Corporate and Designated Adviser
River Group

Date: 19-09-2024 02:45:00
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