KIBO ENERGY PLC - Update on Conditional Acquisition of Carbon Resilience Pte Limited

Update on Conditional Acquisition of Carbon Resilience Pte Limited

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: 23 December 2025

                        Kibo Energy PLC ('Kibo' or the 'Company')
             Update on Conditional Acquisition of Carbon Resilience Pte Limited

Kibo Energy PLC (AIM: KIBO, AltX: KBO) provides an update to its previous RNS announcements
on 8th and 16th October 2025 regarding the conditional sale and purchase agreement (the "SPA")
signed with FA SPC Real Asset Income Limited (the "FSRAIL") for the acquisition of Australian
renewable energy development company Carbon Resilience Pte Limited ("Carbon Resilience") by
way of a Reverse Takeover Transaction ("RTO"). FSRAIL and Carbon Resilience have not provided
sufficient due diligence documentation within the required time under the terms of the SPA (non-
fulfilment of conditions precedent) to allow the SPA to become effective. Furthermore, the
Noteholder providing funding under the CLN as notified on 8th and 16th October 2025 has not
provided the second tranche of that CLN funding and therefore the Company will need alternative
funding to meet its ongoing working capital requirements.

Consequently, the Company is now evaluating alternative opportunities and will update the market
in due course.

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                                     Beaumont Cornish
                         +44 207 628 3396                                 Nominated Adviser
 Roland Cornish                                   Limited
                                                  Global Investment
 James Sheehan           +44 20 7048 9400                             Joint Broker
                                                  Strategy UK Limited

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
23 December 2025
Corporate and Designated Adviser
River Group

Date: 23-12-2025 09:00:00
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