Notification of Relevant Change to Significant Shareholder

Caledonia Mining Corporation Plc announced on July 9, 2026, that it received a notification from BlackRock, Inc. on July 8, 2026. BlackRock, Inc. crossed a notification threshold on July 7, 2026, regarding its significant shareholding in Caledonia. As of July 7, 2026, BlackRock, Inc. held 4.96% of voting rights attached to shares and 1.18% through financial instruments, resulting in a total of 6.15%. This represents a total of 1,189,231 voting rights. This is a change from their previous notification, where they held 5.20% of voting rights attached to shares and 0.94% through financial instruments, totaling 6.14%. The notification was made in accordance with AIM Rules for Companies.