DIRECTORS' DEALINGS

Centamin Egypt Limited ("Centamin" or "the Company")

(LSE:CEY, TSX:CEE)

DIRECTORS' DEALINGS

Centamin Egypt Limited reports that it has today been informed of the following transactions under DTR 3.1.2R:-

1. Mr Josef El-Raghy, Chairman, through El-Raghy Kriewaldt Pty, a company connected with a person discharging managerial responsibilities, purchased a total of 250,000 fully paid ordinary shares (approximately 0.02% of the issued share capital of the Company) on market through the London Stock Exchange on 07 December 2011 at a price of 96.65p per share.

Following this transaction, Mr. El-Raghy's holdings and those of his connected persons in the share capital of the Company are as follows:

The total fully paid ordinary shares in which Josef El-Raghy and his connected persons have a beneficial interest is 71,445,086 representing 6.52% of the issued ordinary share capital of the Company.

2. Mr Trevor Schultz, Executive Director, exercised all of his employee options (a total of 1,000,000) (the "Options") with an expiry date of 19 December 2011 at an exercise price of A$1.00 per option on 07 December 2011. Following the exercise of his Options, Mr Schultz sold 900,000 fully paid ordinary shares (approximately 0.08% of the issued share capital of the Company) on market through the London Stock Exchange on the same day at a price of 96.534119p per share.

Following these transactions, Mr Schultz's holdings and those of his connected persons in the share capital of the Company are as follows:

The total fully paid ordinary shares in which Trevor Schultz and his connected persons have a beneficial interest is 1,100,000 representing 0.10% of the issued ordinary share capital of the Company.

In accordance with the UK Financial Services Authority Disclosure and Transparency Rule 5.6.1, following the issue of new shares relating to the Options, the issued share capital of the Company comprises 1,096,297,381 ordinary shares. None of these ordinary shares are held in Treasury.

Therefore, the total number of voting rights in the Company is 1,096,297,381. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change to their interest, in the Company under the FSA's Disclosure Rules and Transparency Rules.

For Centamin Egypt Limited

Chris Aujard

Company Secretary and General Counsel

08 December 2011

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