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

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

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 Salis /     info@stbridespartners.co.uk       St Brides Partners Ltd    Investor and Media Relations Adviser
Oonagh Reidy


Johannesburg
20 October 2021
Corporate and Designated Adviser
River Group

Date: 20-10-2021 08:05:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.