Kibo Energy PLC Clarification on Inaccurate Moneyweb Article (5109J)

TIDMKIBO

RNS Number : 5109J

Kibo Energy PLC

16 August 2023

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: 16 August 2023

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

Clarification on Inaccurate Moneyweb Article re Gas Discovery in South Africa

Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable energy-focused development company, would like to clarify the statements made about the Company in a Moneyweb article dated 16 August 2023, which has since been corrected and updated.

The initial article stated that Kinetiko Energy made a massive gas discovery near Secunda, Mpumalanga, believed to be more than 10 trillion cubic feet in volume, and that Kinetiko Energy is linked to Kibo.

Kibo would like to clarify that neither Kinetiko Energy nor the gas discovery is linked to Kibo Energy in any way. The Moneyweb article has since been updated to reflect the correct factual position following objections to Moneyweb from both Kibo and Kinetiko.

**ENDS**

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

 
 Louis Coetzee     info@kibo.energy                Kibo Energy PLC          Chief Executive 
                                                                             Officer 
 James Biddle      +44 207 628 3396                Beaumont Cornish         Nominated Adviser 
  Roland Cornish                                    Limited 
                  ------------------------------  -----------------------  ---------------------- 
 Claire Noyce      +44 20 3764 2341                Hybridan LLP             Joint Broker 
                  ------------------------------  -----------------------  ---------------------- 
 Damon Heath       +44 207 186 9952                Shard Capital Partners   Joint Broker 
                                                    LLP 
                  ------------------------------  -----------------------  ---------------------- 
 Zainab Slemang    zainab@lifacommunications.com   Lifa Communications      Investor and Media 
  van Rijmenant                                                              Relations Consultant 
                  ------------------------------  -----------------------  ----------------------

Johannesburg

16 August 2023

Corporate and Designated Adviser

River Group

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END

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August 16, 2023 05:10 ET (09:10 GMT)

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