Notification of relevant changes from a significant shareholder

Tel: +44 1534679800
Tel: +44 7817841793

Cenkos Securities plc (Nomad and Joint Broker)
Neil McDonald
Pearl Kelly

Tel: +44 131220 9771
Tel: +44 131220 9775

Liberum Capital Limited (joint broker)
Scott Matheson / Ken Collings

Tel: +44 20 3100 2000

BlytheRay Financial PR (United Kingdom)
Tim Blythe / Megan Ray

Tel: +44 207 138 3204

3PPB (Financial Public Relations, 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 (Sponsor VFEX – Zimbabwe)
Lloyd Molochoa

Tel: +263 (242) 745119/33/39

Principal property notice (sent to the relevant issuer and if applicable to the FCA in Microsoft Word format)

1 a. The identity of the issuer or principal issuer of the existing shares to which the voting rights are attachedSecondly:

Caledonia Mining Corp PLC

1 b. Please indicate if the issuer is a non-UK issuer (Please mark with an “X” if applicable)

Exporters from outside the UK

X

2. Reason for notification (Please mark the appropriate box or boxes with an “X”)

Acquisition or sale of voting rights

X

Acquisition or sale of financial instruments

An event that changes the distribution of voting rights

Other (please specify) III:

3. Information about the person subject to the reporting obligationFourthly

family name

Van Eck Associates Inc

City and country of the registered office (if any)

New York, New York

4. Full name of shareholder(s) (If different than 3.)

family name

VanEck Junior Gold Miners ETF
VanEck Junior Gold Miners UCITS ETF

City and country of the registered office (if any)

5. The date on which the limit was exceeded or reachedVI:

12/16/2022

6. The date the issuer reported the issue (dd/mm/yyyyyy):

12/19/2022

7. The total number of positions of the person(s) subject to the report

Percentage of voting rights attached to shares (total 8a)

% of voting rights through financial instruments
(sum of 8.B 1 + 8.B 2)

Sum of both in % (8.A + 8.B)

The total number of voting rights of the issuer

The resulting position on the day the threshold was crossed or reached

4.128%

4.128%

12,833,120

Previous notification position (if
applicable)

465,522

3.63%

VIII. Details of the resulting situation were disclosed on the day the threshold was exceeded or reachedEighth

a: Voting rights related to shares

class/type of stock
ISIN code (if applicable)

The number of voting rightsninth

% of voting rights

direct
(Article 9 of Directive 2004/109/EC) (DTR5.1)

not directly
(Article 10 of Directive 2004/109/EC) (DTR5.2.1)

direct
(Article 9 of Directive 2004/109/EC) (DTR5.1)

not directly
(Article 10 of Directive 2004/109/EC) (DTR5.2.1)

JE00BF0XVB15

529,779

4.128%

between-
Total 8. a

529,779

4.128%

B 1: Financial instruments in accordance with Article 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1(a))

The type of financial instrument

Expiry datex

Rehearsal/transfer periodeleventh

The number of voting rights that can be obtained if the instrument is exercised/converted.

% of voting rights

Subtotal 8. B1

B 2: Financial instruments with a similar economic impact in accordance with Article 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1(b))

The type of financial instrument

Expiry datex

Rehearsal/transfer periodeleventh

Effective settlement or cash settlementThirteenth

The number of voting rights

% of voting rights

Subtotal 8.b2

9. Information about the person to be reported (Please mark the appropriate field with an “X”)

The persons subject to the reporting obligation are neither under the control of any natural person or legal entity nor over any other entity having an interest, directly or indirectly, in the (underlying) issuer

Complete chain of controlled entities over which voting rights and/or financial instruments are effectively held, starting with the ultimate controlling individual or legal entity xiv (please add additional rows as necessary)

X

family nameFifteenth

% of voting rights if they meet or exceed the reporting threshold

The percentage of voting rights held by financial instruments if they meet or exceed the reporting limit

The sum of both if equal to or greater than the report limit

VanEck Junior Gold Miners ETF

3.747%

3.747%

VanEck Junior Gold Miners UCITS ETF

0.381%

0.381%

10. If voting by proxy, please provide the following:

The name of the authorized person

Glass Lewis

The number and percentage of voting rights owned

529,779 shares and 4.128% of the voting rights

The date until voting rights are retained

to open

11. additional informationFifteenth

place of fulfillment

Tampa, Florida

date of starting

December 19, 2022