TRANSACTIONS OF DIRECTORS

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

(LSE:CEY, TSX:CEE)

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

1. Name of the issuer

Centamin Egypt Limited

2. State whether the notification relates to(i) a transaction notified in accordance with DTR 3.1.2R; or

(ii) a disclosure made in accordance with LR 9.8.6R(1); or(iii) a disclosure made in accordance with section 793 of the Companies Act 2006

Notification relates to a transaction notified in accordance with DTR 3.1.2R

3. Name of person discharging managerial responsibilities

Josef El-Raghy - Director and Chairman

4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

Notification relates to El-Raghy Kriewaldt Pty, a company connected with a person discharging managerial responsibilities

5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest

Notification is in respect to Josef El-Raghy

6. Description of shares (including class)

Fully paid ordinary shares in Centamin Egypt Limited

7. Name of registered shareholder

El-Raghy Kriewaldt Pty Ltd

8. State the nature of the transaction

Purchase of 500,000 fully paid ordinary shares in Centamin Egypt Limited

9. Percentage of issued class acquired

0.046%

10. Price per share

GBP 1.10763

11. Date and place of transaction

21 September 2011 - London

12. Date issuer informed of transaction

22 September 2011

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 71,195,086 representing 6.50% of the issued ordinary share capital of the Company.

For Centamin Egypt Limited

Chris Aujard

Company Secretary

22 September 2011

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