Caledonia Mining Corporation PlcAMEX: CMCL

CMCL.vx Notification of Shareholder

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Caledonia Mining Corporation Plc PCA Shareholding Notification

(NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL)



May 20, 2026: Caledonia Mining Corporation Plc ("Caledonia" or "the Company") announces that it received notification on May 18, 2026 that Fremiro Investments (Private) Limited ("Fremiro"), a person closely associated with Mr July Ndlovu, a non-executive director and the Chairman of Caledonia, sold depositary interests representing 20,000 common shares in the Company on May 18, 2026 at a price of £17.19 per share.

Following the sale by Fremiro, Mr Ndlovu now has a beneficial interest in 229,089 common shares in the Company.

A copy of the notification is below.

Enquiries:

Caledonia Mining Corporation Plc

Mark Learmonth Camilla Horsfall

Cavendish Capital Markets Limited (Nomad and Broker)

Tel: +44 1534 679 800

Tel: +44 7817 841 793

Adrian Hadden Tel: +44 207 397 1965

Camarco, Financial PR (UK)

Elfie Kent Tel: +44 20 3757 4980

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

Head and Registered Office: Caledonia Mining Corporation Plc 2 Mulcaster Street, St Helier, Jersey, Channel Islands, JE2 3NJ info@caledoniamining.com | | https://www.caledoniamining.com

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Fremiro Investments (Private) Limited

2

Reason for the notification

a)

Position/status

PCA of Mr July Ndlovu, Non-Executive Director and Chairman

b)

Initial notification/ Amendment

Initial notification

3



Details of the issuer, emission allowance market participant,auction platform, auctioneer or auction monitor

a)

Name

Caledonia Mining Corporation Plc

b)

LEI

21380093ZBI4BFM75Y51

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Depositary interests representing common shares of no par value

JE00BF0XVB15

b)

Nature of the transaction

Sale of securities by Fremiro Investments (Private) Limited in which Mr Ndlovu is a shareholder

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£17.19

20,000

d)

Aggregated information

  • Aggregated volume

  • Price

N/A

e)

Date of the transaction

May 18, 2026

f)

Place of the transaction

AIM of LSE