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Press Speculation

Dated: 27 February 2018

Kibo Mining plc (AIM: KIBO; AltX: KBO), the multi-asset Africa-focused energy and resource company, announces that, contrary to press speculation, the company has not yet signed a PPA with Tanzania Electric Supply Company (‘TANESCO’), however it remains in advanced discussions with TANESCO and the Ministry of Energy (‘the Ministry’) regarding the Power Purchase Agreement (‘PPA’) for the Company’s flagship 300MW Mbeya Coal to Power Project (‘MCPP’). The PPA will enable Kibo to move towards execution and conclusion of the final development phase of the MCPP.

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Press Speculation

AIM Share Price
(Ticker: KIBO)
6.00p Change +0.35p
at close on 16 Mar 2018

JSE Share Price
(Ticker: KBO)
113.00c Change +0.00c
at close on 12 Mar 2018

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