Caledonia Mining Corporation Plc Notification of relevant change to significant shareholder

Rhea-AI Summary

Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL) announced a significant change in shareholding from BlackRock, Inc. As of June 27, 2025, BlackRock increased its position to 5.37% of total voting rights, up from the previous 5.07%.

The new position consists of 988,657 shares representing 5.12% direct voting rights, plus financial instruments (CFDs) accounting for 49,190 votes or 0.25% of voting rights. The total number of voting rights held by BlackRock in Caledonia amounts to 1,037,847.

BlackRock Fund Advisors, as part of the controlled undertaking chain, holds a notable position of 3.12% of the voting rights.

Positive

• BlackRock increased its total position to 5.37% from 5.07%, showing increased institutional confidence
• Major institutional investor BlackRock maintains a significant stake through both direct shares and financial instruments

Negative

• None.

ST HELIER, Jersey, July 02, 2025 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc ("Caledonia" or "the Company") (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) announces that it received notification on June 30, 2025 from BlackRock, Inc. that on June 27, 2025 it had crossed a threshold for notification of a relevant change (as defined by the AIM Rules for Companies).

A copy of the notification is below.

Enquiries:

Caledonia Mining Corporation Plc Mark Learmonth Camilla Horsfall	Tel: +44 1534 679 800 Tel: +44 7817 841 793
Cavendish Capital Markets Limited (Nomad and Joint Broker) Adrian Hadden Pearl Kellie	Tel: +44 207 397 1965 Tel: +44 131 220 9775
Panmure Liberum (Joint Broker) Scott Mathieson/ Ailsa MacMaster	Tel: +44 20 3100 2000
Camarco, Financial PR (UK) Gordon Poole Elfie Kent	Tel: +44 20 3757 4980
3PPB (Financial PR, North America) Patrick Chidley Paul Durham	Tel: +1 917 991 7701 Tel: +1 203 940 2538
Curate Public Relations (Zimbabwe) Debra Tatenda	Tel: +263 77802131
IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe) Lloyd Mlotshwa	Tel: +263 (242) 745 119/33/39

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS(to be sent to the relevant issuerandto the FCA in Microsoft Word format if possible)i
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:				CALEDONIA MINING CORPORATION PLC
1b. Please indicate if the issuer is a non-UK issuer(please mark with an “X” if appropriate)
Non-UK issuer									X
2. Reason for the notification(please mark the appropriate box or boxes with an “X”)
An acquisition or disposal of voting rights									X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify)iii:
3. Details of person subject to the notification obligationiv
Name				BlackRock, Inc.
City and country of registered office (if applicable)				Wilmington, DE, USA
4. Full name of shareholder(s)(if different from 3.)v
Name
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reachedvi:				27/06/2025
6.Date on which issuer notified (DD/MM/YYYY):				30/06/2025
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)		% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)			Total of both in % (8.A + 8.B)		Total number of voting rights held in issuer (8.A + 8.B)vii
Resulting situation on the date on which threshold was crossed or reached	5.12	%	0.25		%	5.37	%	1,037,847
Position of previous notification (if applicable)	4.82	%	0.25		%	5.07	%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)		Number of voting rights ix					% of voting rights
		Direct (DTR5.1)		Indirect (DTR5.2.1)			Direct (DTR5.1)		Indirect (DTR5.2.1)
JE00BF0XVB15				988,657					5.12	%
SUBTOTAL 8. A		988,657					5.12			%
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Type of financial instrument		Expiration datex	Exercise/ Conversion Periodxi			Number of voting rights that may be acquired if the instrument is exercised/converted.			% of voting rights
			SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
Type of financial instrument	Expiration datex		Exercise/ Conversion Periodxi		Physical or cash Settlementxii			Number of voting rights	% of voting rights
CFD	N/A		N/A		Cash			49,190	0.25	%
					SUBTOTAL 8.B.2			49,190	0.25	%

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an “X”)
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) xiv				X
Name xv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
BlackRock, Inc.
BlackRock Finance, Inc.
Trident Merger, LLC
BlackRock Investment Management, LLC
BlackRock, Inc.
BlackRock Finance, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock International Holdings, Inc.
BR Jersey International Holdings L.P.
BlackRock Holdco 3, LLC
BlackRock Cayman 1 LP
BlackRock Cayman West Bay Finco Limited
BlackRock Cayman West Bay IV Limited
BlackRock Group Limited
BlackRock Finance Europe Limited
BlackRock Investment Management (UK) Limited
BlackRock, Inc.
BlackRock Finance, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock Holdco 4, LLC
BlackRock Holdco 6, LLC
BlackRock Delaware Holdings Inc.
BlackRock Institutional Trust Company, National Association
BlackRock, Inc.
BlackRock Finance, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock Holdco 4, LLC
BlackRock Holdco 6, LLC
BlackRock Delaware Holdings Inc.
BlackRock Fund Advisors	3.120%	0.00%	3.120%
BlackRock, Inc.
BlackRock Finance, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock, Inc.
BlackRock Finance, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock Capital Holdings, Inc.
BlackRock Advisors, LLC
BlackRock, Inc.
BlackRock Finance, Inc.
Trident Merger, LLC
BlackRock Investment Management, LLC
Amethyst Intermediate, LLC
Aperio Holdings, LLC
Aperio Group, LLC
10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional information xvi
BlackRock Regulatory Threshold Reporting Team Jana Blumenstein 020 7743 3650

Place of completion	12 Throgmorton Avenue, London, EC2N 2DL, U.K.
Date of completion	30 June 2025

FAQ

What is BlackRock's new total stake in Caledonia Mining (CMCL)?

BlackRock's total stake in Caledonia Mining is 5.37%, consisting of 5.12% in direct voting rights and 0.25% through financial instruments.

How many shares does BlackRock own in Caledonia Mining (CMCL)?

BlackRock holds 988,657 shares with direct voting rights, plus financial instruments representing 49,190 votes, for a total of 1,037,847 voting rights.

When did BlackRock cross the notification threshold for Caledonia Mining (CMCL)?

BlackRock crossed the notification threshold on June 27, 2025, with the company being notified on June 30, 2025.

What type of financial instruments does BlackRock hold in Caledonia Mining (CMCL)?

BlackRock holds CFDs (Contracts for Difference) representing 49,190 voting rights, equivalent to 0.25% of total voting rights.

Which BlackRock entity holds the largest direct stake in Caledonia Mining (CMCL)?

BlackRock Fund Advisors holds the largest identified direct stake with 3.12% of voting rights.