Notification of Relevant Change to Significant Shareholder

Caledonia Mining Corporation Plc has been notified by BlackRock, Inc. that on September 22, 2026, BlackRock crossed a notification threshold. As of that date, BlackRock's total holdings, including shares and financial instruments, amounted to 7.04% of Caledonia's voting rights, equating to 1,362,657 voting rights. This represents an increase from their previous notification where their holdings were 7.01%. The notification details the breakdown of these holdings, including 5.09% in shares and 1.95% through financial instruments, specifically mentioning securities lending and CFDs. The filing also outlines the chain of controlled undertakings through which BlackRock effectively holds these interests.