Receipt of First Tranche of 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:

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