Kibo Energy PLC

Capital/Financing Update • Mar 1, 2022

National Storage Mechanism | Additional information

RNS Number : 2085D

Kibo Energy PLC

01 March 2022

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: 01 March 2022

Kibo Energy PLC ('Kibo' or the 'Company')

Convertible Instrument Extension of Redemption Date

Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable energy focused development company wish to announce that further to the RNS dated 7 January 2022, the Company has agreed an extension of one month for the Redemption Date of the Convertible Instrument, with all but one of the Subscribers to the Notes (the "Extension"). The new extended Redemption Date will now be 1 April 2022. The Extension includes Notes in aggregate of £657,985, from the total amount of £672,824. The amount of  £14,839 will be settled in cash, in accordance with the terms of the Convertible Instrument announced on 07 January 2022.

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:

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 / Stephen Allen	+44 20 3440 6800	RFC Ambrian Ltd	NOMAD on AIM
Sewela Makgolane	sewela@lifacommunications.com	Lifa Communications	Investor and Media Relations Adviser

Johannesburg

01 March 2022

Corporate and Designated Adviser

River Group

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