Kibo Energy PLC (KIBO.L) Mr. Christian Schaffalitzky, will retire from the board early in 2022

Pending Board Change

Kibo Energy PLC (AIM: KIBO; AltX:KBO), the energy development company with an increasing focus on renewables, announces that its non-executive chairman, Mr. Christian Schaffalitzky, will retire from the board early in 2022. Mr. Schaffalitzky’s decision is part of his retirement planning as he reduces his workload across his business interests.

The Company has commenced the search for a new non-executive chairman with a strong track-record in the renewable energy field and expects to make an announcement early in 2022.

Louis Coetzee, CEO of Kibo said: “I want to thank Christian on behalf of the Kibo Board for his dedication and commitment to Kibo over the last 13 years. His technical knowledge and company management skills have made a significant contribution to the Company’s development during his time as Chairman. I wish Christian the very best with his retirement plans. I look forward to sharing more information on the appointment of a new company chairman early in 2022.”

“Separately, we were saddened to learn of the recent passing of one of Kibo’s founders, Richard Speir. Richard was a geologist and oceanographer who was an expert on Tanzanian economic geology and was responsible for identifying the potential of the Katoro nickel project, held by our subsidiary company Katoro Gold plc. He will be missed”

**ENDS**

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

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

Louis Coetzee

info@kibo.energy

Kibo Energy PLC

Chief Executive Officer


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