Caledonia Mining Corporation Plc: Caledonia declares quarterly dividend

Caledonia Mining Corporation Plc (“Caledonia” or the “Company”) (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) is pleased to announce that the board of directors of the Company (the “Board”) 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: January 10, 2024• Ex-dividend date AIM and NYSE: January 11, 2024• Record date: January 12, 2024• Payment date: January 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 Plc
Mark Learmonth	Tel: [phone]
Camilla Horsfall	Tel: [phone]
Cavendish Capital Markets Limited (Nomad and Joint Broker)
Adrian Hadden	Tel: [phone]
Pearl Kellie	Tel: [phone]
Liberum Capital Limited (Joint Broker)
Scott Mathieson/Kane Collings	Tel: [phone]
Camarco, Financial PR/ IR (UK)
Gordon Poole	Tel: [phone]
3PPB (Financial PR, North America)
Patrick Chidley	Tel: [phone]
Paul Durham	Tel: [phone]
Curate Public Relations (Zimbabwe)
Debra Tatenda	Tel: [phone]
IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe)
Lloyd Mlotshwa	Tel: [phone]/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.