(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")

16 March 2023

Kibo Energy PLC ('Kibo' or the 'Company') Adjournment of EGM

Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable energy-focused development company, announces an adjournment of its EGM held today in Dublin. This decision was taken because shareholders holding a significant number of Kibo shares were unable to vote because some UK brokers acting for those shareholders were unable to issue proxies to Euroclear Bank pursuant to instructions issued to those brokers by those shareholders. This issue does not relate to the previous Euroclear Bank voting issue, which has been resolved since the last adjourned meeting, but rather relates to UK corporate regulatory issues currently being experienced by the brokers themselves.

At the meeting, the Chairman proposed an adjournment in accordance with section 187(4) of the Companies Act 2014.  The meeting was then adjourned by the Chairman with the consent of the meeting.

A further notice will be issued to shareholders as soon as possible containing the date and venue of the adjourned meeting.

**ENDS**

This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014 and is announced in accordance with the Company's obligations under Article 17 of the specified Regulation.

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

Johannesburg

16 March 2023

Corporate and Designated Adviser

River Group