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 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: July 10, 2024
• Ex-dividend date AIM: July 11, 2024
• Ex-dividend date NYSE American: July 12, 2024
• Record date: July 12, 2024
• Payment date: July 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 other investment opportunities and its prudent approach to risk management.

Enquiries:

Caledonia Mining Corporation PlcMark LearmonthCamilla Horsfall	Tel: [phone]Tel: [phone]
Cavendish Capital Markets Limited (Nomad and Joint Broker)Adrian Hadden Pearl Kellie	Tel: [phone]Tel: [phone]
Liberum Capital Limited (Joint Broker)Scott Mathieson/Matt Hogg	Tel: [phone]
Camarco, Financial PR (UK)Gordon Poole	Tel: [phone]
3PPB (Financial PR, North America)Patrick ChidleyPaul Durham	Tel: [phone]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.