KIBO ENERGY PLC - Receipt of First Tranche under Convertible Loan Note

Receipt of First Tranche under Convertible Loan Note

Kibo Energy PLC (Incorporated in Ireland)
(Registration Number: 451931)
(External registration number: 2011/007371/10)
LEI Code: 635400WTCRIZB6TVGZ23
Share code on the JSE Limited: KBO
Share code on the AIM: KIBO
ISIN: IE00B97C0C31
('Kibo' or 'the Company')

Dated: 16 October 2025

                              Kibo Energy PLC ('Kibo' or the 'Company')
                        Receipt of First Tranche under Convertible Loan Note

Kibo Energy PLC (AIM: KIBO, AltX: KBO) is pleased to announce that further to its announcement
on 8th October 2025 of the proposed acquisition of Carbon Resilience Pte Limited (the "Target") by
way of a Reverse Takeover Transaction (the "RTO") the Company has received an initial advance of
funding under the Convertible Loan Note (the "CLN") issued to an institutional investor (the
"Noteholder"). These funds will allow work on the RTO to commence and the Company's advisors
to start the due diligence process in anticipation of work on the preparation of the admission document
and related documentation following in due course.

As previously announced, the Target is a utility-scale industrial decarbonization and renewable
energy company with over 14 GW of onshore wind, solar, and battery energy storage potential
capacity in development across 900,000 hectares in Queensland, Australia to support scaled clean
power solutions to the grid, industrial electrification, data centers, critical minerals, and low-carbon
liquid fuels.

The balance of the CLN funds is expected to be received by the Company on or around 29th October
2025 and it is intended that these funds will be supplemented in due course by completion of a further
fundraise, expected to be in the form of a separate Convertible Loan Note, to cover working capital
requirements and the balance of the RTO costs. A further announcement will be made when this is
finalised.

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

**ENDS**

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

 Cobus van der Merwe              info@kibo.energy     Kibo Energy PLC                            Chief Executive
                                                                                                  Officer
 James Biddle Roland Cornish      +44 207 628 3396     Beaumont Cornish Limited                   Nominated Adviser
 James Sheehan                    +44 20 7048 9400     Global Investment Strategy UK Limited      Joint Broker

Beaumont Cornish Limited ('Beaumont Cornish') is the Company's Nominated Adviser and is authorised and regulated
by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to
advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated
Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible
to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in
relation to the proposed arrangements described in this announcement or any matter referred to in it.

Johannesburg
16 October 2025
Corporate and Designated Adviser
River Group

Date: 16-10-2025 03:00:00
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.