Caledonia Mining Corporation Plc has announced the issuance of 6,452 common shares to its staff as part of the long-term incentive plan awards. These awards were granted under the 2015 Omnibus Equity Incentive Compensation Plan of the Company. The shares, which have no par value, will be issued to members of the company's group, including in the form of Zimbabwe depositary receipts, around January 16, 2024. The company has applied for the admission of depositary interests representing the shares to trading on AIM, with trading expected to commence on or about January 19, 2024.

Following the issuance of these shares, the total number of shares in issue for Caledonia will be 19,194,525 common shares of no par value each. The company does not hold any shares in treasury. Therefore, this figure may be used by holders of securities in the company as the denominator for the calculations to determine if they are required to notify their interest in, or a change to their interest in, the company.

For any inquiries, interested parties can contact Caledonia Mining Corporation Plc or its representatives at the provided telephone numbers. The company has engaged Cavendish Capital Markets Limited and Liberum Capital Limited as its Nomad, Joint Broker, and Joint Broker, respectively. Additionally, it has enlisted the services of Camarco for financial PR in the UK, 3PPB for financial PR in North America, and Curate Public Relations in Zimbabwe. IH Securities (Private) Limited is serving as the VFEX Sponsor in Zimbabwe.