<div id="readability-page-1"><article>ST HELIER, Jersey, Dec. 23, 2025 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (&#34;Caledonia&#34; or &#34;the Company&#34;) (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) announces that it received notification on December 22, 2025 from Mr Victor Gapare, an executive director of Caledonia and the settlor of a discretionary trust which ultimately owns the shares in Toziyana Resources Limited, the largest shareholder in the Company, (“Toziyana”) that Toziyana purchased 7,457 common shares in the Company on December 22, 2025 at a price of $26.83 per share (the “Purchase”). Following the Purchase, Mr Victor Gapare now holds an interest, as the settlor of that trust, in common shares representing 12.66 per cent. of the Company’s issued share capital. A copy of the notification is below. Enquiries: <table><tbody><tr><td>Caledonia Mining Corporation Plc Mark Learmonth Camilla Horsfall</td><td> Tel: +44 1534 679 800 Tel: +44 7817 841 793</td></tr><tr><td>Cavendish Capital Markets Limited (Nomad and Broker) Adrian Hadden</td><td> Tel: +44 207 397 1965</td></tr><tr><td>Camarco, Financial PR (UK) Gordon Poole Elfie Kent</td><td> Tel: +44 20 3757 4980</td></tr><tr><td>Curate Public Relations (Zimbabwe) Debra Tatenda</td><td> Tel: +263 77802131</td></tr><tr><td>IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe) Lloyd Mlotshwa</td><td> Tel: +263 (242) 745 119/33/39</td></tr></tbody></table> NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM <table><tbody><tr><td> 1</td><td colspan="3">Details of the person discharging managerial responsibilities/person closely associated </td></tr><tr><td> a)</td><td>Name</td><td colspan="2">Victor Gapare </td></tr><tr><td> 2</td><td colspan="3">Reason for the notification </td></tr><tr><td> a)</td><td>Position/status</td><td colspan="2">Executive Director </td></tr><tr><td> b)</td><td>Initial notification/ Amendment</td><td colspan="2">Initial notification </td></tr><tr><td> 3</td><td colspan="3">Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor </td></tr><tr><td> a)</td><td>Name</td><td colspan="2">Caledonia Mining Corporation Plc</td></tr><tr><td> b)</td><td>LEI</td><td colspan="2">21380093ZBI4BFM75Y51</td></tr><tr><td> 4</td><td colspan="3">Detailsof the transaction(s): section to be repeated for (i) each typeof instrument;(ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted </td></tr><tr><td> a)</td><td> Description of the financial instrument, type of instrument Identification code</td><td colspan="2"> Common shares of no par value JE00BF0XVB15</td></tr><tr><td> b)</td><td> Nature of the transaction</td><td colspan="2"> Purchase of securities</td></tr><tr><td rowspan="3"> c) </td><td rowspan="3"> Price(s) and volume(s)</td><td> Price(s)</td><td> Volume(s)</td></tr><tr><td> US$26.83 </td><td> 7,457</td></tr><tr><td colspan="2"> </td></tr><tr><td> d)</td><td> Aggregated information - Aggregated volume - Price</td><td colspan="2"> N/A</td></tr><tr><td> e)</td><td> Date of the transaction</td><td colspan="2"> December 22, 2025</td></tr><tr><td> f)</td><td> Place of the transaction</td><td colspan="2"> NYSE American LLC</td></tr></tbody></table><img src="https://imageproxy.pbkrs.com/https://www.globenewswire.com/newsroom/ti/query-bmY9T1RZeE5qSXdOeU0zTXpNek5UY3lJekl3T1RNNE16RT0?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1" height="1" original-src="https://imageproxy.pbkrs.com/https://www.globenewswire.com/newsroom/ti/query-bmY9T1RZeE5qSXdOeU0zTXpNek5UY3lJekl3T1RNNE16RT0"/> <img src="https://imageproxy.pbkrs.com/https://ml.globenewswire.com/media/ZjVkMTI3N2UtZTNjMy00N2YzLTljNTItY2IzOGU3YWE5NjA2LTExMDU0MDItMjAyNS0xMi0yMy1lbg==/tiny/Caledonia-Mining-Corporation-P.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1" height="1" original-src="https://imageproxy.pbkrs.com/https://ml.globenewswire.com/media/ZjVkMTI3N2UtZTNjMy00N2YzLTljNTItY2IzOGU3YWE5NjA2LTExMDU0MDItMjAyNS0xMi0yMy1lbg==/tiny/Caledonia-Mining-Corporation-P.png"/></article></div>

CMCL

Caledonia Mining Corporation Plc announced that Victor Gapare, an executive director, purchased 7,457 common shares at $26.83 per share on December 22, 2025. Following this purchase, Gapare holds an interest in 12.66% of the company's issued share capital. The transaction was conducted on the NYSE American LLC.

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