KIBO ENERGY PLC - Appointment of Group Chief Financial Officer

Appointment of Group Chief Financial Officer

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 May 2022

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

                          Appointment of Group Chief Financial Officer


Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable energy focused development company,
announces the appointment of Mr. Cobus van der Merwe as Group Chief Financial Officer with effect
from the 1st June 2022.

Cobus has over 10 years’ experience in managerial and executive roles in the investment
management and the energy, utilities and resources sectors. Most recently, Cobus held a Senior
Management position at PricewaterhouseCoopers, servicing clients based in the United Kingdom,
Ireland and Africa. Prior to this, he was Partner and Chair of the Investment Committee at PSG
Wealth, where he managed bespoke investment portfolios for high net-worth individuals. It was
during this time that he gained extensive experience in capital raising and facilitating deal making.
Cobus is a registered Chartered Accountant (South Africa).

Furthermore, the Company confirms that the current Group CFO, Mr. Pieter Krügel, has now been
appointed as Chief Executive Officer of Mast Energy Developments (‘MED’), from 1st of June 2022.

Louis Coetzee, CEO of Kibo Energy, comments: “On behalf of the Company, we are delighted to
welcome Cobus to the team. His strong background in investment management for the energy and
resource industries will play an integral role in delivering the Group’s growth strategy.

I would also like to thank Pieter for his significant contribution to the Group as CFO over the last 4
years and look forward to continue working with him as part of the Kibo group in his new capacity
as CEO of MED.”

                                              **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               Joint Broker

Damon Heath    +44 207 186 9952               Shard Capital Partners LLP Joint Broker

Bhavesh Patel / +44 20 3440 6800              RFC Ambrian Ltd            NOMAD on AIM
Stephen Allen

Christopher    energy@acfequityresearch.com   ACF Equity Research        Independent Equity Research House
Nicholson

Sewela         sewela@lifacommunications.com Lifa Communications         Investor and Media Relations Adviser
Makgolane

Johannesburg
20 May 2022
Corporate and Designated Adviser
River Group

Date: 20-05-2022 08:00:00
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