Notification of major interests in shares

For immediate release                                                                    18 March 2010

                                          Centamin Egypt Ltd
                            TR-1: Notification of major interests in shares

1. Identity of the issuer or the underlying issuer                                    Centamin Egypt Ltd
of existing shares to which voting rights are
attached:

2. Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights                                                                           

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares
already issued to which voting rights are attached.

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

                           Security was delisted in Australia, with LSE now listed as the Primary Exchange.         YES
Other (please specify):    Filing being made under EU TD rules

3. Full name of person(s) subject to the                                Baring Asset Management Limited ("BAM")
notification obligation:                                                    OppenheimerFunds, Inc. ("OFI")

4. Full name of shareholder(s)                                                             
 (if different from 3.):

5. Date of the transaction and date on                                              March 16, 2010
which the threshold is crossed or
reached:

6. Date on which issuer notified:                                                   March 17, 2010

7. Threshold(s) that is/are crossed or                        5% (with respect to BAM, falling below to 4.994%); However
reached:                                                     total percentage ownership is 8.106%; OFI with 3.111% and BAM
                                                                                      with 4.994%

8. Notified details:
Centamin Egypt Ltd
Attn: Company Secretary
57 Kishorn Road
Mount Pleasant 6153
Western Australia
Email: [e-mail]

A: Voting rights attached to shares
Class/type of           Situation previous                  Resulting situation after the triggering transaction
shares                   to the triggering
                            transaction
if possible using
the ISIN CODE
                       Number        Number          Number            Number of voting             % of  voting rights
                         of            of          of shares                rights
                       Shares        Voting
                                     Rights
                                                                     Direct        Indirect        Direct        Indirect
AU000000CNT2                                                                                                   
                     BAM:         BAM:           BAM:                            BAM:                          BAM:
                     51,323,404   51,323,404     50,978,227                      50,978,227                    4,994%

                     OFI:         OFI:           OFI:                            OFI:                          OFI:
                     37,059,200   37,059,200     31,759,200                      31,759,200                    3.111%

                     Total:       Total:         Total:                          Total:                        Total:
                     88,382,604   88,382,604     82,737,427                      82,737,427                    8.106%

B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
                                                                        Number of voting              
Type of financial             Expiration     Exercise/                  rights that may be            % of voting
instrument                    date           Conversion Period          acquired if the               rights
                                                                        instrument is
                                                                        exercised/ converted.

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction

Type of financial       Exercise      Expiration    Exercise/       Number   of   voting   rights   % of voting rights
instrument              price         date          Conversion      instrument refers to            
                                                    period          
                                                                                                      Nominal       Delta

Total (A+B+C)
Number of voting rights                                       Percentage of voting rights
    82,737,427                                                            8.106%

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:xxi

The percentage of holdings noted above is based on total outstanding shares of 1,020,774,478.

Massachusetts Mutual Life Insurance Company is the parent company of Baring Asset Management ("BAM") and OppenheimerFunds,
Inc. ("OFI")

Proxy Voting:
10. Name of the proxy holder:                                             N/A

11. Number of voting rights proxy holder will cease                                                                        
to hold:                                                                  N/A

12. Date on which proxy holder will cease to hold                                                                          
voting rights:                                                            N/A

13. Additional information:                                                                                                

14. Contact name:                                                 Rose Baker, Massachusetts Mututal Life Insurance Company

15. Contact telephone number:                                      001-413-744-8258

CENTAMIN EGYPT LIMITED