Application for Admission of Shares to AIM & TVR

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: 7 January 2025

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

Application for Admission of Shares to AIM & TVR

Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable energy-focused development company, announces that it has made an application to AIM for the admission of 10,354,250,000 new shares to AIM (the "Allotment Shares") which were previously announced as having been issued and allotted by the Company on its RNS announcements of 27 June 2024, 5 July 2024 and 5 August 2024.  Application for admission to AIM of the Allotment Shares follows the resumption of the Company's trading on AIM.

The Allotment Shares comprise the Tranche 1 Placing Shares issued to Peter Williams and announced on 27 June 2024 and 5 July 2024, along with the Peter Williams Tranche 2 Placing Shares, Conversion Shares and Deferred Warrant Shares announced on 5 August 2024.

Total Voting Rights:

The admission of the Allotment Shares, which rank pari passu with all existing ordinary shares, will be on, or around 13 January 2025. Following admission of the Allotment Shares, the Company's total issued share capital consists of 14,715,197,764 ordinary shares of EUR0.0001 each. This figure may then be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company pursuant to the FCA's Disclosure Guidance and Transparency Rules.

Table 1 below which is taken from the Company's RNS announcement of 5 August 2024 shows the Director Holdings before and after the issue of the Allotment Shares and these positions will remain the same following the admission of the Allotment Shares.

Table 1: Kibo Director & Related Parties' Holdings.

Furthermore, the Company is aware of the following Significant Shareholders shown in Table 2 below.

Table 2: Kibo Significant Shareholders.

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:

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

7 January 2025

Corporate and Designated Adviser

River Group