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: 04 July 2022

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

Convertible Instrument Further 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 1 April 2022, the Company has agreed a further extension of three months for the Redemption Date of the Convertible Instrument, with all remaining Noteholders (the "Further Extension"). The new extended Redemption Date will now be 30 September 2022. The Further Extension includes Notes in aggregate of £657,985.

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:

Johannesburg

04 July 2022

Corporate and Designated Adviser

River Group