Notice of AGM

Centamin Egypt Limited
14 October 2004



                               CENTAMIN EGYPT LIMITED

                          Notice of Annual General Meeting


NOTICE is hereby given that the Annual General Meeting of shareholders of
Centamin Egypt Limited (the 'Company') is to be held at 1st Floor, Rowing WA,
The Esplanade, Mt Pleasant, Western Australia on Thursday, the 25th day of
November 2004, commencing at 10.00 am (Australian WST).

AGENDA

ORDINARY BUSINESS

1.        Financial Statements and Reports
          To receive and consider the financial statements and the reports of
          the directors and auditors in respect of the year ended the 30th of
          June 2004.

2.        Election of Directors
          To consider, and if thought fit, to pass the following ordinary
          resolutions:

    2.1   'That, Mr G B Speechly who retires by way of rotation under provision
          13.2 of the Company's Constitution and, being eligible, offers himself
          for re-election, be elected as a director.'

    2.2   Election of Dr T G Elder
          'That, Dr T G Elder who retires by way of rotation under provision
          13.2 of the Company's Constitution and, being eligible, offers himself
          for re-election, be elected as a director.'

NOTES

Members entitled to attend and vote at the meeting

For the purposes of the meeting and in accordance with regulation 7.11.37 of the
Corporations Regulations 2001, it has been determined that the members entitled
to attend and vote at the meeting shall be those persons who are recorded in the
register of members at 5.00 pm (Australian WST) on Tuesday, the 23rd of November
2004 (UK, 10.00 am, Tuesday, the 23rd of November 2004). Accordingly, share
transfers registered after that time will be disregarded in determining
entitlements to attend and vote at the meeting.

Proxies

Each shareholder is entitled to appoint a proxy. The proxy does not need to be a
member of the Company. A shareholder that is entitled to cast two or more votes
may appoint two proxies and may specify the proportion or number of votes each
proxy is appointed to exercise. If a shareholder appoints two proxies, each
proxy may exercise half of the shareholder's votes if no proportion or number of
votes is specified.

To be effective, duly completed proxy forms, together with any relevant power of
attorney, must be received by the Company by no later than 10.00 am (Australian
WST), Tuesday, the 23rd of November 2004 (UK, no later than 3.00 am, Tuesday,
the 23rd of November 2004). Please direct proxy forms and any relevant power of
attorney to:

   Australian Register               United Kingdom Register
   The Company Secretary             The Company Secretary
   Centamin Egypt Limited            Centamin Egypt Limited
   57 Kishorn Road                   c/o Computershare Investor Services Plc
   Mt Pleasant 6153                  PO Box 1075, The Pavilions
   Western Australia                 Bridgwater Road, Bristol BS99 3EA
   Facsimile: + 61 8 9316 2650       Facsimile: + 44 870 703 6109

Corporate Representatives

Any corporate representative wishing to appoint a person to act as its
representative at the meeting may do so by providing that person with:

(a) a letter or certificate, executed in accordance with the corporate
    shareholder's constitution, authorising that person as the corporate
    shareholder's representative at the meeting; or

(b) a copy of the resolution appointing the person as the corporate
    shareholder's representative at the meeting, certified by a secretary or
    director of the corporate shareholder.

By Order of the Board

H Brown
Joint Company Secretary
Perth, 14th of October 2004

EXPLANATORY NOTES TO SHAREHOLDERS

1.        Financial Statements and Reports
          Unless otherwise instructed, the Annual Report for the year ended the
          30th of June 2004 has been provided to you with the material
          accompanying this Notice of Annual General Meeting. Shareholders will
          be given the opportunity to ask questions of the Board of Directors
          and the Auditor in relation to the Annual Report at the Annual General
          Meeting.

2.        Election of Directors
          A brief summary for each of the directors who offer themselves for
          re-election is set out below.

    2.1   Mr G Brian Speechly FAusIMM, Non Executive Director since the 15th of
          August 2000, Member of Audit Committee and Remuneration Committee, age
          71.
          Brian Speechly is a Fellow of the Australasian Institute of Mining and
          Metallurgy with over 45 years experience in the mining industry.
          During his career, Mr Speechly has been involved in over 300 mining
          projects and is recognised in Australia and overseas as an expert in
          both underground and open pit mining and design. He is particularly
          noted for his innovative and low cost approaches to mining issues.

    2.2   Dr Thomas G Elder PhD, FIMM, FGS, Non Executive Director since the 8th
          of May 2002, age 65.
          Tom Elder is the President and a Director of Mano River Resources Inc.
          and non-executive Director of Chaco Resources Plc. He is a graduate
          geologist with an extensive background in mineral exploration gained
          with major resource companies including BP Minerals, Rio Tinto and
          Cominco. He has run exploration programs in the United Kingdom, Spain,
          Italy, Portugal and Greenland and had special responsibility for
          project development in the former Soviet Union.




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