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Fri 9 Dec 2022, 15:50 KIBO ENERGY PLC - Nomad Update and Suspension
Nomad Update and Suspension

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: 9 December 2022

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

                                      Nomad Update and Suspension

Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable energy focused development company
announce that RFC Ambrian Ltd will cease to act as nominated adviser for the Company, with its last
day being close of market today. The Company is in very advanced discussion with a new nominated
adviser with their appointment subject to completion of due diligence, until which time the Company
will be without a nominated adviser. Pursuant to Rule 1 of the AIM Rules for Companies, the ordinary
shares in the Company will be suspended from trading on AIM at 7.30am on Monday 12 December
2022.

If, following such suspension, the Company fails to appoint a replacement nominated adviser within
one month of the date that its shares are suspended from trading on AIM, the admission of the
Company's shares to trading on AIM will be cancelled at 7.00 a.m. on Thursday 12 January 2023.

There can be no guarantee that the appointment of a new nominated adviser will be successful but
the Company will keep the market informed of any further developments

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 /   +44 20 3440 6800       RFC Ambrian Ltd              NOMAD on AIM
  Stephen Allen

  Zainab Slemang    Zainab@lifacommuni     Lifa Communications          Investor and Media Relations Consultant
  van Rijmenant     cations.com


Johannesburg
9 December 2022
Corporate and Designated Adviser
River Group

Date: 09-12-2022 03:50:00
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