London / Dubai / Singapore – 9^th October, 2025

The institutional asset management platform of ARIA Commodities’ group today announced a reverse takeover (RTO) transaction with Kibo Energy PLC (AIM: KIBO; AltX: KBO), the multi-listed energy development company.

Kibo it has entered into a conditional sale and purchase agreement to acquire Carbon Resilience Pte Limited, a privately held renewable energy and industrial decarbonisation company with an extensive portfolio of projects in Queensland, Australia.

The US$135 million acquisition, transacted in concert with ARIA group’s institutional asset management business, will be satisfied through the issuance of approximately 966 million new Kibo shares at a deemed price of £0.104 per share, following a proposed 1,600-to-1 share consolidation.

The transaction marks a significant reverse takeover (RTO) under AIM Rule 14 and represents Kibo’s strategic pivot toward large-scale, firmed clean-power generation to underpin Australia’s energy transition and global industrial decarbonisation.

A Portfolio with Global Potential

Carbon Resilience controls a portfolio of eight strategically located renewable energy sites across Queensland, spanning more than 900,000 hectares and offering a potential generation capacity exceeding 14 gigawatts (GW).

The projects combine onshore wind, solar PV, and battery energy storage systems (BESS) to deliver firm, dispatchable clean-power solutions supporting:

• National grid supply,
• Industrial electrification,
• Data-centre power resilience,
• Critical minerals processing,
• Green steel and low-carbon fuels production.

The portfolio is designed to align with Queensland’s sustainable energy roadmap, bringing not only environmental benefits but also regional job creation, infrastructure development, and long-term operational employment.

Transaction Overview

Under the conditional sale and purchase agreement:

• Kibo will acquire 100% of Carbon Resilience’s issued share capital and any outstanding shareholder loans.
• The transaction is subject to standard conditions precedent, including satisfactory due diligence, shareholder approval, publication of an AIM admission document with audited financials for both entities, and receipt of necessary regulatory clearances.

Strategic Commentary

Matt Brittain, CIO at ARIA Commodities, commented:

“We’ve instituted a process which paves the way for realising significant value in what constitutes one of APAC’s largest green electron opportunities. Supported by a world class global and local development team, the transaction will afford the opportunity for institutions, industry participants and commercial end users, to participate in an almost peerless Power-2-X proposition. Carbon Resilience’s Queensland platform represents the scale, resource quality and strategic positioning required to power the next phase of industrial electrification and energy security in Australia.”

A Step Toward Global Energy Transition

The proposed RTO is expected to re-admit Kibo to trading on AIM following shareholder approval and regulatory sign-off. Once completed, the enlarged group will partner with global blue chip partners to deliver a decarbonisation platform which includes sustainable aviation fuel, green steel and marine fuels.

Through this transaction, Kibo and ARIA Commodities aim to contribute meaningfully to the global energy transition, accelerating the deployment of renewable infrastructure while aligning financial innovation with sustainable growth.

More information:

https://www.londonstockexchange.com/stock/KIBO/kibo-energy-plc/company-page

https://www.treasury.qld.gov.au/

www.aria-cmi.com

https://www.linkedin.com/company/aria-commodities/

About Kibo Energy PLC

Kibo Energy PLC (AIM: KIBO; AltX: KBO) is an energy development company focused on clean and renewable energy projects that support industrial and grid-scale transformation. Listed in London and Johannesburg, Kibo is actively expanding into sustainable energy generation and carbon-reduction initiatives.

About ARIA Commodities

ARIA Commodities brings a unique blend of origination, operational and marketing capabilities to a commodity trading, asset and infrastructure platform, with its centre of gravity in energy related infrastructure. From biofuels to circular economies and decarbonised production and trading activities, ARIA Commodities seeks to make a meaningful contribution to an energy competitive world. Headquartered in Dubai, ARIA has offices in 12 countries and operates assets over multiple continents.

For further information, please contact:
Media & Investor Relations

Imtiyaz Bhat

Corporate AffairsARIA Commodities | mediaenquiries@ariacommodities.com