Caledonia Mining Corporation Plc (“Caledonia” or the “Company”) (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) is pleased to announce that the board of directors has declared a quarterly dividend of 14 United States cents (US$0.14) on each of the Company's shares.

The relevant dates relating to the dividend are as follows:

• Ex-dividend date VFEX: April 10, 2024• Ex-dividend date AIM and NYSE: April 11, 2024• Record date: April 12, 2024• Payment date: April 26, 2024

Shareholders with a registered address in the UK will be paid in Sterling.

Caledonia's Dividend PolicyCaledonia's strategy to maximise shareholder value includes a quarterly dividend policy which the Board adopted in 2014. The Board will consider future dividends as appropriate and in line with its prudent approach to risk management.

Enquiries:

Caledonia Mining Corporation PlcMark LearmonthCamilla Horsfall Tel: +44 1534 679 800Tel: +44 7817 841 793
   
Cavendish Capital Markets Limited (Nomad and Joint Broker)Adrian HaddenPearl Kellie Tel: +44 207 397 1965Tel: +44 131 220 9775
   
Liberum Capital Limited (Joint Broker)Scott Mathieson/Matt Hogg Tel: +44 20 3100 2000
   
Camarco, Financial PR (UK)Gordon Poole Tel: +44 20 3757 4980
   
3PPB (Financial PR, North America)Patrick ChidleyPaul Durham Tel: +1 917 991 7701Tel: +1 203 940 2538
   
Curate Public Relations (Zimbabwe)Debra Tatenda Tel: +263 77802131
   
IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe)Lloyd Mlotshwa Tel: +263 (242) 745 119/33/39

This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation (EU) No. 596/2014 (“MAR”) as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

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