GlobeNewswire Inc | Aug 13, 2021 07:40AM EDT

August 13, 2021

ST HELIER, Jersey, Aug. 13, 2021 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (NYSE American: CMCL; AIM: CMCL) (Caledonia or the Company) announces that it received notice today that Johan Holtzhausen, a non-executive director of the Company, has purchased a total of 1,200 depositary interests representing the same number of common shares of no par value each in the Company at an average price per depositary interest of GBP8.89. Following this transaction, Mr Holtzhausen holds an interest in 21,025 shares in the Company representing approximately 0.17 per cent of the issued share capital of Caledonia.

Further details of the transaction are set out below. For further information please contact:

Caledonia Mining Corporation Plc Tel: +44 1534 679 800Mark Learmonth Tel: +44 7817 841 793Camilla Horsfall WH Ireland (Nomad & Broker) Tel: +44 20 7220 1751Adrian Hadden/James Sinclair-Ford Blytheweigh Tel: +44 207 138 3204Tim Blythe/Megan Ray 3PPB Tel: +1 917 991 7701Patrick Chidley Tel: +1 203 940 2538Paul Durham

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014(MAR)as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

Details of the person discharging managerial responsibilities/person closely1 associated

a) Name Johan Holtzhausen2 Reason for the notificationa) Position/status Non-executive directorb) Initial notification/ Amendment Initial notification3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora) Name Caledonia Mining Corporation Plcb) LEI 21380093ZBI4BFM75Y51 Details of the transaction(s): section to be repeated for (i) each type of4 instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted Description of the financial instrument, type of Depositary interests instrument representing common sharesa) of no par value Identification code JE00BF0XVB15b) Nature of the transaction Purchase of sharesc) Price(s) and volume(s) Price(s) Volume(s) GBP8.89 1,200 Aggregated information

d) - Aggregated volume 1,200

- Price GBP8.89 eache) Date of the transaction 12 August 2021f) Place of the transaction AIM