Centamin Egypt Limited Posting of Scheme Booklet

TORONTO, ONTARIO -- (Marketwire) -- 11/15/11 -- This announcement is an advertisement and not a prospectus and investors should not subscribe for or purchase any securities referred to in this announcement except on the basis of information to be contained in the prospectus (the 'Prospectus') to be published by Centamin plc in due course in connection with the admission of its ordinary shares to the premium segment of the Official List of the Financial Services Authority and to trading on the London Stock Exchange's main market for listed securities. A copy of the Prospectus will, following publication, be available from www.centamin.com.

Further to Centamin Egypt Limited's ('Centamin' or the 'Company') (LSE: CEY)(TSX: CEE) announcement on 11 November of its intention to change its corporate structure by putting in place a Jersey incorporated parent company, Centamin plc (the 'Redomicile'), Centamin announces that the scheme booklet (together with the notice of the shareholder meetings) (the 'Scheme Booklet') has been posted to Centamin shareholders. The Scheme Booklet will be made available on Centamin's website www.centamin.com and will be filed on SEDAR under Centamin's profile at www.sedar.com, in addition to being available for inspection at www.hemscott.com/nsm.do having been submitted to the National Storage Mechanism.

About Centamin Egypt Limited

Centamin is a mineral exploration, development and mining company that has been actively exploring in Egypt since 1995. The principal asset of Centamin is its interest in the Sukari Gold Mine, located in the Eastern Desert of Egypt. Construction at the Sukari Gold Project commenced in March 2007 with first gold being produced in June 2009.

The Sukari Gold Mine is the first large-scale modern gold mine in Egypt. Centamin's operating experience in Egypt gives it a significant first-mover advantage in acquiring and developing other gold projects in the prospective Arabian-Nubian Shield.

In 2011 Centamin acquired Sheba Exploration (UK) PLC and now has interests in four mineral licences in Ethiopia where it is conducting further exploration activities.

This announcement does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities or any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, such securities by any person in any circumstances, and in any jurisdiction.

This announcement contains or may contain certain forward-looking statements with respect to certain plans of the Company and its current goals and expectations relating to its future financial condition and performance and which involve a number of risks and uncertainties. The Company cautions readers that no forward-looking statement is a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking statements. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements sometimes use words such as 'aim', 'anticipate', 'target', 'expect', 'estimate', 'intend', 'plan', 'goal', 'believe', or other words of similar meaning. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances. As a result, the Company's actual future results may differ materially from the plans, goals, and expectations set forth in the Company's forward-looking statements. Any forward-looking statements made herein by or on behalf of the Company speak only as of the date they are made. Except as required by applicable law or regulation, the Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained in this announcement to reflect any changes in the Company's expectations with regard thereto or any changes in events, conditions or circumstances on which any such statement is based.

ABN 86 007 700 352

Contacts:

Centamin Egypt Limited

Josef El-Raghy

Chairman

44 (0) 20 7569 1670


Centamin Egypt Limited

Chris Aujard

General Counsel & Company Secretary

44 (0) 20 7569 1670
christopher.aujard@centamin.com


Centamin Egypt Limited

Katharine Sutton

Head of Investor Relations

44 (0) 20 7569 1670
katharine.sutton@centamin.com


RBC Capital Markets (Sponsor)

Matthew Coakes

44 (0) 20 7653 4000


RBC Capital Markets (Sponsor)

Daniel Conti

44 (0) 20 7653 4000


Buchanan

Bobby Morse

44 (0) 20 7466 5000


Buchanan

Gabriella Clinkard

44 (0) 20 7466 5000