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KIBO ENERGY PLC - Update on MCPP in Tanzania

07 December 2018 - 11:20 AM
KBO
Update on MCPP in Tanzania

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: 07 December 2018


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

                                      Update on MCPP in Tanzania


  Kibo Energy PLC (?Kibo? or the ?Company?), the multi-asset, Africa focused, energy company, has today
  resubmitted the tender qualification document to the Tanzania Electricity Supply Company (?TANESCO?)
  with regards to the Mbeya Coal to Power Project (?MCPP?). (NOTE: Also see RNS dated 07 November
  2018)

 Louis Coetzee, CEO of Kibo, said, ?Given that much of the information within this 535-page document had
 already been generated, we just needed to ensure that its collation complied with TANESCO?s revised
 November 2018 requirements. With this now complete and having recently been recommended for grant of a
 Special Mining Licence from the Mining Commission of Tanzania, we remain hopeful that 2019 will see the
 swift advancement of the MCPP in tandem with our two other utility scale projects in Botswana and
 Mozambique.?

                                                  **ENDS**

This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no.
596/2014 ("MAR").

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

  Louis Coetzee            info@kibo.energy          Kibo Energy PLC          Chief Executive Officer
                                                                              Corporate and Designated
  Andreas Lianos           +27 (0) 83 4408365        River Group
                                                                              Adviser on JSE

  Ben Tadd /Tom Curran +44 (0) 20 3700 0093          SVS Securities Limited   Joint Broker

  Jason Robertson           +44 (0)20 7374 2212      First Equity Limited     Joint Broker

  Andrew Thomson           +61 8 9480 2500           RFC Ambrian Limited      NOMAD on AIM

  Isabel de Salis /                                                           Investor and Media
                           +44 (0) 20 7236 1177      St Brides Partners Ltd
  Gaby Jenner                                                                 Relations Adviser

Notes to editors
Kibo Energy PLC is a multi-asset, Africa focussed, 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 will
benefit from its robust and experienced international blue-chip partnership network across its project portfolio,
which includes: SEPCO III (China), General Electric (USA); Tractebel Engineering (Belgium); Minxcon
Consulting (South Africa); ABSA / Barclays Africa; and Hogan Lovells International LLP.


Johannesburg
07 December 2018
Corporate and Designated Adviser
River Group

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