Issue of Equity

RNS Number : 6112V

Centamin Egypt Limited

30 May 2008

Centamin Egypt Limited

('Centamin' or 'the Company')

Issue of Equity

Centamin Egypt Limited (TSX:CEE, ASX:CNT, AIM:CEY) announces that, following the exercise of unquoted employee options, 75,000 ordinary shares have been issued and allotted at an exercise price of A$0.7106 per share.

Application has been made for the new ordinary shares to be admitted to trading on AIM. The new ordinary shares will rank pari passu with the existing ordinary shares in the Company and trading of these shares on AIM is expected to commence on 06 June 2008.

The total number of Ordinary Shares on issue following this issue is 877,419,163.

For more information please contact:

Centamin Egypt Limited

+ 61 (8) 9316 2640

Josef El-Raghy

www.centamin.com

Pelham Public Relations

+ 44 (0) 207 743 6376

Candice Sgroi

Mobile: + 44 (0) 7894 462 114

Ambrian Partners Limited

+ 44 (0)207 776 6400