Caledonia declares quarterly dividend

ST HELIER, Jersey, March 28, 2024 (GLOBE NEWSWIRE) -- 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 Policy*
Caledonia'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
Camilla Horsfall
Tel: +44 1534 679 800
Tel: +44 7817 841 793  
*Cavendish Capital Markets Limited (Nomad and Joint Broker)*
Adrian Hadden
Pearl Kellie
Tel: +44 207 397 1965
Tel: +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 Chidley
Paul Durham
Tel: +1 917 991 7701
Tel: +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.*