KIBO Kibo Energy Plc

TIDMKIBO

Kibo Energy PLC

20 October 2021

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: 20 October 2021

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

MED Signs Term Sheet to Fund the Development and Construction of Bordesley and Rochdale Reserve Power Projects

Kibo Energy PLC, the multi-asset energy development company, notes that its 55% subsidiary, MAST Energy Developments PLC ("MAST"), today announced that Close Leasing Ltd, a subsidiary of Close Brothers Group plc (the "Lender"), have offered facilities to MED to fund the development and construction of the Company's two owned Reserve Power projects currently in development, Bordesley and Rochdale (the "Projects").

The facilities are offered subject to the successful completion of due diligence (including legal, technical and financial) and other relevant regulatory checks and approvals. Final details of the facilities will be confirmed at financial close.

**ENDS**

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

 
 Louis Coetzee     info@kibo .energy             Kibo Energy PLC      Chief Executive Officer 
 Andreas Lianos    +357 99 53 1107               River Group          JSE Corporate and Designated 
                                                                       Adviser 
                  ----------------------------  -------------------  ----------------------------- 
Claire Noyce      +44 (0) 20 3764 2341           Hybridan LLP         Broker 
                  ----------------------------  -------------------  ----------------------------- 
 Bhavesh Patel     +44 20 3440 6800              RFC Ambrian Ltd      NOMAD on AIM 
  / Stephen 
  Allen 
                  ----------------------------  -------------------  ----------------------------- 
 Isabel de         info@stbridespartners.co.uk   St Brides Partners   Investor and Media Relations 
  Salis / Oonagh                                  Ltd                  Adviser 
  Reidy 
                  ----------------------------  -------------------  ----------------------------- 
 

Johannesburg

20 October 2021

Corporate and Designated Adviser

River Group

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October 20, 2021 02:05 ET (06:05 GMT)

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