Kibo Energy PLC announced Furthermore, the board changes as proposed in the announcement of 27 June 2024 have been partially completed. Mr. Jacobus (Cobus) Johannes van der Merwe has been appointed to the company board as an executive director and interim CEO, and Mr. Louis Coetzee has retired from the board as director & CEO. These board changes are effective 5 July 2024.

Cobus van der Merwe (Aged 43) is a qualified Chartered Accountant (South Africa) and has held senior financial, managerial and executive level positions for over 15 years in the investment management and energy, utilities and resources sectors. He has significant experience servicing clients based in the United Kingdom, Ireland and Africa with specific reference to the Energy and Resources industries. Further to this, he has extensive experience in managing bespoke investment portfolios for high net-worth individuals, including capital raising and facilitating deal making.

Cobus is a member of the South African Institute of Chartered Accountants (SAICA), and also holds a BCom degree in Accounting and a BCompt Honours degree in Accounting Science. Prior to Mr. van der Merwe's appointment to the Kibo Board, he served as the company's chief financial Officer and as a member of the company's executive committee for the last two years. The following details in relation to the appointment of Mr. Cobus van der Merwe, BCom (Accounting), BCompt (Hons.

Accounting Science), CA (SA). Mr. Van der Merwe currently holds no interest in the securities of the company. Current Directorships & Former Directorships within last five years (all are South African registered companies): Current Directorships: LOGICLIQ (Pty) Limited.

NEXTGEN FUELS (Pty) Limited. ICON PARK (Pty) Limited. SUSTINERI ENERGY (Pty) Limited.

NG National Broadband Solutions (Pty) Limited.