TIDMKIBO

RNS Number : 3538S

Kibo Energy PLC

05 November 2019

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: 05 November 2019

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

Appointment of Joint Broker

Kibo Energy PLC, the multi-asset, Africa focused, energy company, is pleased to announce that it has appointed ETX Capital as its Joint Broker with immediate effect.

**ENDS**

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

 
 Louis Coetzee          info@kibo.energy       Kibo Energy PLC        Chief Executive Officer 
 Andreas Lianos         +27 (0) 83 4408365     River Group            Corporate and Designated 
                                                                       Adviser on JSE 
                       ---------------------  ---------------------  ------------------------- 
Bhavesh Patel/Stephen  +44 20 3440 6800        RFC Ambrian Limited    NOMAD on AIM 
 Allen 
                       ---------------------  ---------------------  ------------------------- 
Jason Robertson        +44 (0) 20 7374 2212    First Equity Limited   Joint Broker 
                       ---------------------  ---------------------  ------------------------- 
Philip Adler           +44 (0) 20 7392 1494    ETX Capital Limited    Joint Broker 
                       ---------------------  ---------------------  ------------------------- 
 Isabel de Salis        +44 (0) 20 7236 1177   St Brides Partners     Investor and Media 
  /                                             Ltd                    Relations Adviser 
  Beth Melluish 
                       ---------------------  ---------------------  -------------------------

Notes

Kibo Energy PLC is a multi-asset, Africa focused, energy company positioned to address the acute power deficit, which is one of the primary impediments to economic development in Sub-Saharan Africa. To this end, it is the Company's objective to become a leading independent power producer in the region.

Kibo is simultaneously developing three similar coal-fuelled power projects: the Mbeya Coal to Power Project ('MCPP') in Tanzania; the Mabesekwa Coal Independent Power Project ('MCIPP') in Botswana; and the Benga Independent Power Project ('BIPP') in Mozambique. By developing these projects in parallel, the Company intends to leverage considerable economies of scale and timing in respect of strategic partnerships, procurement, equipment, human capital, execution capability / capacity and project finance.

Additionally, the Company has a 60% interest in MAST Energy Developments Limited ('MED'), a private UK registered company targeting the development and operation of flexible power plants to service the Reserve Power generation market.

Johannesburg

05 November 2019

Corporate and Designated Adviser

River Group

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END

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November 05, 2019 09:20 ET (14:20 GMT)

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