Centamin Egypt: Removal From the Australian Securities Exchange Official List Update

Centamin Egypt Limited ("Centamin" or "the Company")
(TSX:CEE)(LSE:CEY)(ASX:CNT), as announced on 29 October 2009, applied to the
Australian Securities Exchange Ltd ("ASX") and was given approval under Listing
Rule 17.11 for the Company to be removed from the ASX official list subject to
certain conditions, which have or will be met. 


The Company wishes to advise that Centamin will be suspended from quotation on
the ASX from the close of business on 21 January 2010, and removed from the ASX
official list on 29 January 2010 ("the Removal Date"). Trading in Centamin
shares will continue on an uninterrupted basis on the ASX, LSE and TSX until 21
January 2010, after which Centamin shares will be quoted on the LSE and TSX
only. 


As previously advised, any shareholder who remains registered on the Company's
Australian share register ("Australian Shareholders") on the Removal Date will
be issued a share certificate representing their holding. This share certificate
should be kept in a safe place as it is evidence of the shareholding.
Computershare will remain the custodian of the share register. 


There will be NO change to your shareholding - your rights and entitlements will
be protected under the Corporations Law and the Company's Constitution. 


To assist Australian Shareholders who may want to transact Centamin shares on
the LSE or the TSX following Centamin's removal from the ASX official list, the
Company has entered into an agreement with Southern Cross Equities Limited,
which has agreed to facilitate trading in Centamin shares for a period of three
months following the delisting. Shareholders can contact either David Keogh or
Les Blake on at Southern Cross Equities on + 61 2 8224 2887 or + 61 2 8224 2832.


Alternatively, shareholders can contact their own broker to arrange the transfer
of their shares. 


UK domiciled holders are advised to contact their UK broker to arrange the
transfer of their shares into the Depository Interest facility in the UK.
Canadian domiciled holders can arrange for their shares to be transferred to the
Canadian Register by completing an Australia to Canada removal request form and
submitting it to Computershare/their local broker along with their share
certificate/SRN number. The shares can be deposited directly with a Canadian
Participant at the Canadian Depository for Securities ("CDS") or the request can
be to issue a Canadian share certificate.


For Centamin Egypt Limited

Josef El-Raghy, Managing Director/CEO

14 January 2010

ABN 86 007 700 352