Kibo Energy PLC

Board/Management Information • Dec 31, 2014

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RNS Number : 9141A

Kibo Mining Plc

31 December 2014

Kibo Mining 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: IE00B61XQX41

("Kibo" or "the Company")

Dated: 31  December 2014

Change of Auditors

Kibo Mining plc ("Kibo" or the "Company") (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development company, announces that it has appointed Saffery Champness  Chartered Accountants ("Saffery Champness") as its new company auditor with immediate  effect.  Saffery Champness is replacing LHM Casey McGrath who has served as company auditor since the Company's inception in 2008.

Saffery Champness is part of the global accountancy group Nexia International. The Company believes that as part of an international group with a strong focus on Africa, Saffery Champness has the appropriate global reach and experience across the various jurisdictions in which Kibo conducts its business to provide auditor services on a consolidated basis to Kibo and its subsidiary companies as it moves toward development of its flagship coal (Rukwa Coal to Power project) and gold (Imweru) projects in particular. The consolidated service offering provided by Nexia International will also bring about a significant cost saving in annual audit fees for the Company.

Louis Coetzee, CEO of Kibo said: "We are very pleased with the appointment of Saffery Champness as company auditors with whom we already have a strong relationship. On behalf of the Kibo board, I would also like to thank LHM Casey McGrath who, in addition to its audit function, has provided strong support and advice to the Company during the last 6 years."

Contacts

Louis Coetzee	+27 (0) 83 2606126	Kibo Mining plc	Chief Executive Officer
Andreas Lianos	+27 (0) 83 4408365	River Group	Corporate Adviser and Designated Adviser on JSE
Jon Belliss Abigail Wayne	+44 (0) 20 3693 1470	Hume Capital Securities Plc	Broker
Oliver Morse and Trinity McIntyre	+61 8 9480 2500	RFC Ambrian Limited	Nominated Adviser on AIM
Daniel Thöle Lucinda Alderson	+44 (0) 203 772 2500	Bell Pottinger	Investor and Media Relations

Johannesburg

31 December 2014

Corporate and Designated Adviser

River Group

This information is provided by RNS

The company news service from the London Stock Exchange

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