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:

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