Kibo Energy Regulatory News (KIBO)

KIBO MINING PLC

Holding in Company

Dated: 21 October 2010

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to

which voting rights are attached:

KIBO Mining PLC

2. Reason for the notification (please tick the appropriate box or boxes):

3. Full name of person(s) subject to the notification obligation:

City Equities Limited

4. Full name of shareholder(s) (if different from 3.):

N/A

5. Date of the transaction (and date on which the threshold is crossed

or reached if different):

1 October 2010 (Placing participation)

20 October 2010 closing of transaction

6. Date on which issuer notified:

21 October 2010

 7. Threshold(s) that is/are crossed or reached:

Above 3% to below 3%

8. Notified details

A. Voting rights attached to shares:

B. Qualifying Financial Instruments:

Resulting situation after the triggering transaction:

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction:

Total (A+B+C)

Number of voting rights % of voting rights

Nil Nil

9. Chain of controlled undertakings through which the voting rights and/

or the financial instruments are effectively held, if applicable:

N/A

Proxy Voting

10. Name of the proxy holder: n/a

11. Number of voting rights proxy n/a

holder will cease to hold:

12. Date on which proxy holder n/a

will cease to hold voting

rights:

 13. Additional information:

Shares acquired in the Company's Placing, announced 1 October 2010. Shares have been sold to certain clients, with City Equities Limited acting as Principal.

14. Contact name: Kevin Wallace

15. Contact telephone number: 020 7489 5562

Enquiries:

Updates on the Company's activities are regularly posted on its website www.kibomining.com