KIBO ENERGY PLC - Update re SEPCOIII Strategic Development Agreement

Update re SEPCOIII Strategic Development Agreement

 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: 3 April 2019

                                 Kibo Energy PLC (‘Kibo’ or the ‘Company’)
                           Update re SEPCOIII Strategic Development Agreement


Kibo Energy PLC ("Kibo" or the "Company"), the multi-asset, Africa focused energy company, announces that
further to the announcement dated 11 December 2018, a final decision regarding the Strategic Development
Agreement (‘SDA’) with SEPCOIII has not been made; discussions are ongoing. The Company looks forward to
updating the market further in this regard in due course.


                                                *ENDS**


 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 energy company focused on progressing a diverse portfolio of advanced power
  generation and mining projects in Sub-Saharan Africa and the UK, utilising established international
  relationships with key development partners. It is simultaneously developing three coal-fuelled power projects
  in Africa: the Benga Independent Power Project in Mozambique; the Mabesekwa Coal Independent Power
  Project in Botswana; and the Mbeya Coal to Power Project in Tanzania. Additionally, the Company has a 60%
  interest in MAST Energy Developments Limited, a private UK registered company targeting the development
  and operation of flexible power plants to service the Reserve Power generation market.

   Johannesburg
   3 April 2019
   Corporate and Designated Adviser
   River Group

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