GlobeNewswire Inc | Sep 21, 2020 02:00AM EDT

September 21, 2020

ST HELIER, Jersey, Sept. 21, 2020 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (the Company or Caledonia)(NYSE American: CMCL; AIM: CMCL) announces that it has been notified that John Kelly, a director of Caledonia, has sold a total of 13,163 common shares of the Company. Mr Kelly now holds 16,330 shares which represent a holding of approximately 0.013% of the share capital of the Company.

Further details of the transaction are set out in the notification below.

For further information please contact:

Caledonia Mining Corporation Plc Mark Learmonth Tel: +44 1534 679 802Camilla Horsfall Tel: +44 7817 841793 WH Ireland Adrian Hadden/James Sinclair-Ford Tel: +44 20 7220 1751 Blytheweigh Tim Blythe/Megan Ray Tel: +44 207 138 3204

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 John Kelly 2 Reason for the notification a) Position/status Director 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 Details of the transaction(s): section to be repeated for (i) each type4 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, Common shares of no par type of instrument value Identification code JE00BF0XVB15 b) Nature of the transaction Sale of securities c) Price(s) and volume(s) Price(s) Volume(s) 16 September 2020 USD19.62 5,181 18 September 2020 USD19.40 7,982 d) Aggregated information - Aggregated volume 13,163 - Price USD19.49 e) Date of the transaction 16 and 18 September 2020 NYSE American LLC, NYSEf) Place of the transaction ARCA, NASDAQ-NMS, BATS and off market transactions