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 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 Capital Markets Limited (Nomad and Joint Broker)

Adrian Hadden
Tel: +44 207 397 1965

Pearl Kellie
Tel: +44 131 220 9775

Liberum Capital Limited (Joint Broker)

Scott Mathieson/Kane Collings
Tel: +44 20 3100 2000

Camarco, Financial PR/ IR (UK)

Gordon Poole
Tel: +44 20 3757 4980

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

In Europe:

Swiss Resource Capital AG
Jochen Staiger & Marc Ollinger
info@resource-capital.ch
www.resource-capital.ch

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.