KIBO ENERGY PLC - Change of Advisor

Change of Advisor

 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: 16 October 2018


                               Kibo Energy PLC (‘Kibo’ or the ‘Company’)
                                              Change of Advisor


 Kibo Energy PLC (“Kibo” or the “Company”), the multi-asset, Africa focused energy company, has appointed
 First Equity Limited, who will with immediate effect continue to act as the only joint Broker to the Company
 alongside SVS Securities Limited.


                                              **ENDS**


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


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


   Louis Coetzee            info@kibo.energy          Kibo Energy PLC           Chief Executive Officer
   Andreas Lianos           +27 (0) 83 4408365        River Group               Corporate and Designated
                                                                                Adviser on JSE
   Ben Tadd /               +44 (0) 20 3700 0093      SVS Securities Limited    Joint Broker
   Tom Curran
   Jason Robertson           +44 (0) 20 7374 2212     First Equity Limited      Joint Broker

   Andrew Thomson           +61 8 9480 2500           RFC Ambrian Limited       NOMAD on AIM

   Isabel de Salis /        +44 (0) 20 7236 1177      St Brides Partners Ltd     Investor and Media
   Gaby Jenner                                                                  Relations Adviser


 Notes to editors
 Kibo Energy PLC is a multi-asset, Africa focussed, energy company positioned to address the acute power
 deficit, which is one of the primary impediments to economic development in Sub-Saharan Africa. To this end,
 it is the Company’s objective to become a leading independent power producer in the region.


 Kibo is simultaneously developing three similar coal-fuelled power projects: the Mbeya Coal to Power Project
 (‘MCPP’) in Tanzania; the Mabesekwa Coal Independent Power Project (‘MCIPP’) in Botswana; and the Benga
Independent Power Project (‘BIPP’) in Mozambique. By developing these projects in parallel, the Company
intends to leverage considerable economies of scale and timing in respect of strategic partnerships, procurement,
equipment, human capital, execution capability / capacity and project finance. Additionally, the Company will
benefit from its robust and experienced international blue-chip partnership network across its project portfolio,
which includes: SEPCO III (China), General Electric (USA); Tractebel Engineering (Belgium); Minxcon
Consulting (South Africa); ABSA / Barclays Africa; and Hogan Lovells International LLP.


Johannesburg
16 October 2018
Corporate and Designated Adviser
River Group

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