ESG Presentation

July 2021

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Disclaimer

This presentation does not constitute, or form part of, any offer to sell or issue or any solicitation of any offer to purchase or subscribe for, any shares in Caledonia Mining Corporation Plc ("Caledonia"), nor shall it (or any part of it) or the fact of its distribution, form the basis of, or be relied on in connection with, or act as an inducement to enter into any contract or agreement thereto.

Certain forward-looking statements may be contained in the presentation which include, without limitation, expectations regarding metal prices, estimates of production, operating expenditure, capital expenditure and projections regarding the completion of capital projects as well as the financial position of the Company. Although Caledonia believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to be accurate. Accordingly, results could differ from those projected as a result of, among other factors, changes in economic and market conditions, changes in the regulatory environment and other business and operational risks.

Accordingly, neither Caledonia, nor any of its directors, officers, employees, advisers, associated persons or subsidiary undertakings shall be liable for any direct, indirect or consequential loss or damage suffered by any person as a result of relying upon this presentation or any future communications in connection with this presentation and any such liabilities are expressly disclaimed.

The projected gold production figures in this presentation for 2021 and 2022 are explained in the management discussion and analysis ("MD&A") dated November 12, 2020. Refer to the technical report entitled "Caledonia Mining Corporation Plc NI 43-101 Technical Report on the Blanket Gold Mine, Zimbabwe" dated May 17, 2021 prepared by Minxcon (Pty) Ltd and filed by the Company on SEDAR on May 26, 2021 for any resources and reserves and planned production as stated in this presentation. Mr. Dana Roets (B Eng (Min.), MBA, Pr.Eng., FSAIMM, AMMSA), Chief Operating Officer, is the Company's qualified person as defined by Canada's National Instrument 43-101 and has approved any scientific or technical information contained in this presentation.

NYSE/AIM: CMCL

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About our Inaugural ESG Report

We believe this report is an important step towards improving communications on the Company's approach to ESG topics, as well as providing an update on our performance in this vital area of the business.

Although the Company is not a member of an industry body we still try to implement principles of responsible mining.

We recognise that this is an ongoing process, and we will endeavour to develop our sustainability reporting to meet evolving stakeholder requirements.

Future plans include the design of an ESG strategy and plan to cover material impacts and management thereof, and improvement in data gathering and storage for transparent disclosure.

Commitment to the United Nations Sustainable Development

Goals ("SDGs")

NYSE/AIM: CMCL

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A Strategy Focused on Genuine Returns for our Shareholders

Central Shaft:

Significant

Committed to

Attractive new

near-term,

increase

return money

opportunities

low-risk growth

in production

to shareholders

in Zimbabwe

by 2022

NYSE/AIM: CMCL

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Caledonia aims to maintain sustainable business practices & recognises the importance of integrating ESG management into its overall corporate strategy

CORPORATE GOVERNANCE HEALTH & SAFETY

OUR PEOPLE

& ETHICS

Sustainability is key

to our business model, and we continue to develop a strategy under the following five ESG pillars

COMMUNITY RELATIONS

ENVIRONMENT

NYSE/AIM: CMCL

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Caledonia Mining Corporation plc published this content on 28 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2021 08:52:02 UTC.