KIBO ENERGY PLC - Cancellation of Trading on AIM

Cancellation of Trading on AIM

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: 24 July 2026

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

                                 Cancellation of Trading on AIM

Further to the Company's announcement of 1 July 2026, Kibo Energy PLC announces that it has not
been able to satisfy the conditions required to enter into binding heads of terms in respect of the
proposed reverse takeover transaction referred to in that announcement. Accordingly, that transaction
will now not proceed.

Trading in the Company's securities on AIM has been suspended since 14 April 2025 pursuant to
AIM Rule 15. As the Company is not in a position to complete a reverse takeover within the timetable
required by the London Stock Exchange the Company announces that the admission of its ordinary
shares to trading on AIM will be cancelled with effect from 7.00 a.m. on 27 July 2026, in accordance
with AIM Rule 41.

The Company is engaging with the JSE Limited and its Corporate and Designated Adviser in respect
of the Company's secondary listing on the JSE, and a further announcement will be made in this
regard in due course.

Following cancellation, there will be no public market in the Company's ordinary shares and
shareholders will no longer be able to trade their shares on AIM. Shareholders will continue to hold
their shares in the Company, which remains a public limited company incorporated in Ireland. The
Company will continue to keep shareholders informed of material developments by way of
announcements published on its website at www.kibo.energy.

The Board is in early stage discussions in relation to an alternative transaction. Cancellation of
admission will allow the Company to progress those discussions, together with the associated funding
and creditor arrangements. Should such a transaction be concluded, it remains the Board's intention
to seek admission of the Company's enlarged issued share capital to a public market by way of an
initial public offering in due course.

Shareholders should note that these discussions remain at an early stage, that no binding agreement
has been entered into, and that there can be no certainty that any transaction will be agreed or
completed, or that any admission to a public market will be sought or achieved. A further
announcement will be made as and when appropriate.

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:

                                                                                               Chief Executive
 Cobus van der Merwe          info@kibo.energy     Kibo Energy PLC
                                                                                               Officer
 James Biddle
                              +44 207 628 3396     Beaumont Cornish Limited                    Nominated Adviser
 Roland Cornish

 Callum Hill                  +44 20 7048 9400     Global Investment Strategy UK Limited       Broker


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
24 July 2026
Corporate and Designated Adviser
River Group

Date: 24-07-2026 04:45:00
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