TIDMKIBO

RNS Number : 1791M

Kibo Energy PLC

20 May 2022

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, announce s the appointment of Mr. Cobus van der Merwe as Group Chief Financial Officer with effect from the 1(st) 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 1(st) 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  Joint Broker 
                                                  LLP 
                  -----------------------------  ----------------------  ---------------------------- 
Bhavesh Patel     +44 20 3440 6800               RFC Ambrian Ltd         NOMAD on AIM 
 / Stephen 
 Allen 
                  -----------------------------  ----------------------  ---------------------------- 
Christopher       energy@acfequityresearch.com   ACF Equity Research     Independent Equity Research 
 Nicholson                                                                House 
                  -----------------------------  ----------------------  ---------------------------- 
Sewela Makgolane  sewela@lifacommunications.com  Lifa Communications     Investor and Media Relations 
                                                                          Adviser 
                  -----------------------------  ----------------------  ----------------------------

Johannesburg

20 May 2022

Corporate and Designated Adviser

River Group

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END

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May 20, 2022 02:01 ET (06:01 GMT)

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