Schedule 1 - Kibo Mining Plc

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

COMPANY NAME:

Kibo Mining plc (the "Company")

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :

Registered Office Corporate Head Office

Suite 3 The Sirius Centre

One Earlsfort Centre Northpoint

Lower Hatch Street Tuam RoadDublin 2 Galway

Ireland Ireland

COUNTRY OF INCORPORATION:

Ireland

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

www.kibomining.com

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:

Kibo Mining plc is a mineral exploration and development company with a focus on Tanzania. The Company has a portfolio of mineral rights on which it is undertaking exploration, primarily for precious and base metal mineralisation. The Company recently undertook acquisitions which have triggered a reverse takeover under the AIM Rules. As such, the Company must complete a re-admission to trading on AIM. These acquisitions are for a minimum of 51% in Mzuri Energy Ltd and a minimum of 51% of Mayborn Resource Investments (Pty) Ltd. On completion, these acquisitions will allow the Company to expand its portfolio to include coal and uranium exploration assets in Tanzania.

The Company's activities are more fully described in the Admission Document. A competent person's report by Venmyn Rand (Pty) Limited provides a technical review on the Company's projects, and is included within the Admission Document.

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):

As at the date of notification the Company has 1,122,093,911 fully paid ordinary shares of €0.01 each that will be admitted to AIM.

No shares are held as treasury shares.

CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

No capital is to be raised on admission ("Admission").

The market capitalisation on Admission is expected to be approximately GBP£33.7 million).

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

37.6%

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES (INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED:

JSE Limited (JSE AltX) - ticker KBO

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):

Christian Schaffalitzky de Muckadell - Non-Executive Chairman

Louis Lodewyk Coetzee - Chief Executive Director

Noel Flannan O'Keeffe - Executive Director

Desmond Joseph "Des" Burke - Non-Executive Director

Lukas Marthinus "Tinus" Maree - Non-Executive Director 

Wenzel Johan Konstant Kerremans - Non-Executive Director

Cecil Robert Bond - Non-Executive Director

Bernard Poznanski - Non-Executive Director

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):

The following shareholders have holdings of 3% or more of the Company's issued shares (before or after Admission).

Before After

Mzuri Group (& related parties) 26.3% 25.5%

Huntress (CI) Nominees Ltd 4.6% 11.8%

Alhussein Dhanani / Sun Mining Ltd 4.2% 7.9%

Louis Coetzee (& related parties) 1.2% 3.7%

Jemonco Investment Holdings Ltd 0.0% 3.6%

Sunvest Corporation Ltd 7.4% 2.7%

Christian Schaffalitzky 6.1% 2.3%

Richard Speir 4.1% 1.5%

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

n/a

(i) ANTICIPATED ACCOUNTING REFERENCE DATE

(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)

(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:

(i) 30 September

(ii) 31 March 2012

(iii) 31 March 2013 (accounts for the year ending 30 September 2012), 30 June 2013 (interim accounts for the 6 months ending 31 March 2013), 31 March 2014 (accounts for the year ending 30 September 2013).

EXPECTED ADMISSION DATE:

7 September 2012

NAME AND ADDRESS OF NOMINATED ADVISER:

RFC Ambrian Limited

Level 15, QV1 Building

250 St George's Terrace

Perth, WA 6000

Australia

NAME AND ADDRESS OF BROKER:

Cornhill Capital Ltd Northland Capital Partners Ltd

7th Floor, One Angel Court 60 Gresham St

Copthall Avenue London EC2V 7BB

London EC2R 7HJ United Kingdom

United Kingdom

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:

The Admission Document, which will contain full details about the applicant and the admission of its ordinary shares, is available at www.kibomining.com.

DATE OF NOTIFICATION:

20 August 2012

NEW/ UPDATE:

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