Issue of Equity

RNS Number : 0729W

Centamin Egypt Limited

22 July 2009

Immediate Release 22 July 2009

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, 50,000 ordinary shares were today issued and allotted at an exercise price of A$0.7106.

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 28 July 2009.

The total number of Ordinary Shares on issue following the above issues is 1,012,239,903.

For more information please contact:

Centamin Egypt Limited

+ 61 (8) 9316 2640

Josef El-Raghy

www.centamin.com

Buchanan Communications Limited

+ 44 (0) 207 7466 5000

Ben Willey

Bobby Morse

Ambrian Partners Limited

+ 44 (0) 207 7634 4700