Caledonia Mining Corporation Plc

Utilisation of the block admission in respect of ATM Sales Agreement

ST HELIER, Jersey, May 20, 2024 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (“Caledonia” or “the Company”) (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) gives below the information required by Schedule Six of the AIM Rules for Companies in connection with its "At the Market" or "ATM" sales agreement with Cantor Fitzgerald & Co (“Cantor”) (the “ATM Sales Agreement”), as announced on May 18, 2023.

Name of company:	Caledonia Mining Corporation Plc
Name of scheme:	ATM Sales Agreement
Period of return:	From November 17, 2023 to May 17, 2024
Number and class of securities not issued under the scheme:	2,000,000 depositary interests representing the same number of common shares
Number of securities issued/allotted under scheme during period:	Nil
Balance under scheme of securities not yet issued/allotted at end of period:	2,000,000 depositary interests representing the same number of common shares
Number and class of securities originally admitted pursuant to the scheme and the date of admission:	2,000,000 depositary interests representing the same number of common shares on May 19, 2023
Contact name and telephone number:	As below

Enquiries: Caledonia Mining Corporation Plc Mark Learmonth Camilla 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 Julia Tilley Elfie Kent	Tel: [phone]
3PPB (Financial PR, North America) Patrick Chidley Paul 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