The relevant dates relating to the dividend are as follows:

• Ex-dividend date VFEX: October 11, 2023
• Ex-dividend date AIM and NYSE: October 12, 2023
• Record date: October 13, 2023
• Payment date: October 27, 2023

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 Tel: +44 1534 679 800
Camilla Horsfall Tel: +44 7817 841 793

Cavendish Securities plc (Nomad and Joint Broker)
Adrian Hadden Tel: +44 (0)20 7220 0500
Neil McDonald
Pearl Kellie

Liberum Capital Limited (Joint Broker)
Scott Mathieson/Kane Collings Tel: +44 20 3100 2000

BlytheRay Financial PR (UK)
Tim Blythe/Megan Ray Tel: +44 207 138 3204

3PPB (Financial PR, North America)
Patrick Chidley Tel: +1 917 991 7701
Paul Durham 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

Swiss Resource Capital AG
Jochen Staiger info@resource-capital.ch

Note: 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.