Caledonia Declares Quarterly Dividend

ST HELIER, Jersey, Oct. 02, 2023 (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: 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
Camilla Horsfall  
Tel: +44 1534 679 800
Tel: +44 7817 841 793  
*Cavendish* *Securities plc (Nomad and Joint Broker)*
Adrian Hadden
Neil McDonald
Pearl Kellie  

Tel: +44 (0)20 7220 0500  
*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
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  

*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.*