Director Shareholding

Centamin Egypt Limited
05 May 2005


                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1. Name of company

CENTAMIN EGYPT LIMITED

2. Name of director

MR COLIN COWDEN

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest

NON-BENEFICIAL INTEREST

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)

BLACK CAT HOLDINGS PTY LTD           100,597 FULLY PAID ORDINARY SHARES
                                     250,000 UNQUOTED OPTIONS
MR C N COWDEN                         92,833 FULLY PAID ORDINARY SHARES
COWDEN LIMITED                        29,596 FULLY PAID ORDINARY SHARES

5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)

BLACK CAT HOLDINGS PTY LTD MR COWDEN OWNS 50% OF THE SHARES
COWDEN LIMITED MR COWDEN OWNS 33.08% OF THE SHARES

6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary

ON MARKET TRADE

7. Number of shares / amount of stock acquired

50,000 FULLY PAID ORDINARY SHARES @ $0.30 PER SHARE

8. Percentage of issued class

0.01%

9. Number of shares/amount of stock disposed

NIL

10. Percentage of issued class

N/A

11. Class of security

FULLY PAID ORDINARY SHARES

12. Price per share

$0.30

13. Date of transaction

04 MAY 2005

14. Date company informed

05 MAY 2005

15. Total holding following this notification

BLACK CAT HOLDINGS PTY                       150,597 FULLY PAID ORDINARY SHARES
                                             250,000 UNQUOTED OPTIONS
MR C N COWDEN                                 92,833 FULLY PAID ORDINARY SHARES
COWDEN LIMITED                                29,596 FULLY PAID ORDINARY SHARES

16. Total percentage holding of issued class following this notification


If a director has been granted options by the company please complete the
following boxes.

17. Date of grant

N/A

18. Period during which or date on which exercisable

N/A

19. Total amount paid (if any) for grant of the option

N/A

20. Description of shares or debentures involved: class, number

N/A

21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise

N/A

22. Total number of shares or debentures over which options held following this
notification

N/A

23. Any additional information

N/A

24. Name of contact and telephone number for queries

HEIDI BROWN
TEL: + 61 8 9316 2640
FAX: + 61 8 9316 2650

25. Name and signature of authorised company official responsible for making
this notification



HEIDI BROWN, COMPANY SECRETARY

Date of Notification

05 MAY 2005

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for loss of business or loss of profits) arising in contract, tort or otherwise
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