Centamin Plc: Q1 2018 Preliminary Production Results

• Gold production for the quarter was 124,296 ounces, a 19% reduction quarter on quarter ("QoQ") and a 14% increase year on year ("YoY")

• The Company maintains full year guidance of 580,000 ounces

• Total ore processed for the quarter was 3.07Mt, a consistent QoQ performance and a 6% increase YoY

• Metallurgical plant recoveries for the quarter were 89.6%, a material 1% increase QoQ and 1% increase YoY

• Open pit total material movement for the quarter was 18.5Mt, a 5% increase QoQ and 8% increase YoY

• Quarterly open pit ore mined was 6.05Mt, at an average mined grade of 0.50g/t, a 6% increase in tonnes QoQ and a 144% increase YoY, and a 19% decrease in grade QoQ and a 6% increase YoY

o This included 1.45Mt at 0.36g/t delivered to the dump leach pads

o The average head grade to the plant from the open pit was 0.69g/t

• Underground operation delivered 312kt of ore, at an average mined grade of 6.69g/t, a 5% increase in tonnes QoQ and a 24% increase YoY

o Underground ore from stoping was 160kt at 7.27g/t

o Underground ore from development was 152kt at 6.09g/t

• Run of mine ore stockpile balance increased by 1.96Mt to 4.14Mt, as at the end of the quarter

Q1 2018 Preliminary Production Results

units

Q1 2018 (preliminary)

Q4 2017

Q1 2017

Open Pit - material moved

kt

18,496

17,647

17,128

Open Pit - ore mined

kt

6,047

5,726

2,478

Underground - ore mined

kt

312

298

252

Process plant throughput

kt

3,068

3,072

2,908

Plant feed grade

g/t

1.31

1.70

1.29

Metallurgical recovery rate

%

89.6%

88.5%

88.8%

Gold produced

oz

124,296

154,298

109,187

Centamin Plc

Andrew Pardey, CEO

Alexandra Carse, Investor Relations

+44 (0) 7700 713 738

alexandra.carse@centamin.je

Buchanan

Bobby Morse

Chris Judd

+ 44 (0) 20 7466 5000

centamin@buchanan.uk.com