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.