Notification of major interests in shares

For immediate release

18 March 2010

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

Centamin Egypt Ltd

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

Other (please specify):

Security was delisted in Australia, with LSE now listed as the Primary Exchange. Filing being made under EU TD rules

YES

3. Full name of person(s) subject to the notification obligation:

Baring Asset Management Limited ("BAM")

OppenheimerFunds, Inc. ("OFI")

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

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

March 16, 2010

6. Date on which issuer notified:

March 17, 2010

7. Threshold(s) that is/are crossed or reached:

5% (with respect to BAM, falling below to 4.994%); However 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: [email protected]

A: Voting rights attached to shares

Class/type of shares

if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of voting rights

Direct

Indirect

Direct

Indirect

AU000000CNT2

BAM:

51,323,404

OFI:

37,059,200

Total:

88,382,604

BAM:

51,323,404

OFI:

37,059,200

Total:

88,382,604

BAM:

50,978,227

OFI:

31,759,200

Total:

82,737,427

BAM:

50,978,227

OFI:

31,759,200

Total:

82,737,427

BAM:

4,994%

OFI:

3.111%

Total:

8.106%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ Conversion Period

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date

Exercise/ Conversion period

Number of voting rights instrument refers to

% of voting rights

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