Director's Interest

Centamin Egypt Limited
11 November 2003


                                                                    Rule 3.19A.2

                             Centamin Egypt Limited


                                  Appendix 3Y


                      Change of Director's Interest Notice


Information or documents not available now must be given to ASX as soon as
available. Information and documents given to ASX become ASX's property and may
be made public.

Introduced 30/9/2001.

Name of entity CENTAMIN EGYPT LIMITED

ABN 86 007 700 352


We (the entity) give ASX the following information under listing rule 3.19A.2
and as agent for the director for the purposes of section 205G of the
Corporations Act.

Name of Director                           Mr Sami El-Raghy

Date of last notice                        12 August 2003


Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by
the responsible entity of the trust


Note: In the case of a company, interests which come within paragraph (i) of the
definition of 'notifiable interest of a director' should be disclosed in this
part.

Direct or indirect interest      Direct and Indirect Interest

Nature of indirect interest      El-Raghy Kriewaldt Pty Ltd (a company in which
                                 Mr Sami El-Raghy owns 50% of its share
                                 capital).
(including registered holder)    Nordana Pty Ltd (a company in which Mr Sami
                                 El-Raghy owns 50% of its share capital) as
                                 Trustee for the Nordana Superannuation Fund.
Note: Provide details of the     Nordana Pty Ltd
circumstances giving rise to the
relevant interest.

Date of change                   09 November 2003

No. of securities held prior to  128 Direct
change                           49,999,360 Indirect

Class                            Unquoted Options

Number acquired                                                              -

Number disposed                                                     49,999,488

Value/Consideration                                                          -
Note: If consideration is
non-cash, provide details and
estimated valuation



No. of securities held after change                       Indirect Interest in
                                                          78,235,754 Ordinary
                                                          Shares

Nature of change                                          Expiry of Options
Example: on-market trade, off-market trade, exercise of
options, issue of securities under dividend reinvestment
plan, participation in buy-back


Part 2 - Change of director's interests in contracts


Note: In the case of a company, interests which come within paragraph (ii) of
the definition of 'notifiable interest of a director' should be disclosed in
this part.

Detail of contract

Nature of interest

Name of registered holder
(if issued securities)

Date of change
No. and class of securities to which interest related prior to change
Note: Details are only required for a contract in relation to which the interest
has changed

Interest acquired

Interest disposed

Value/Consideration
Note: If consideration is non-cash, provide details and an estimated valuation

Interest after change








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