Director Shareholding

Centamin Egypt Limited
19 April 2004


                                                                    Rule 3.19A.2

                                  Appendix 3Y


                      Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as
available. Information and documents given to ASX become ASX's property and may
be made public.
Introduced 30/9/2001.

Name of entity Centamin Egypt Ltd
ABN 86 007 700 352

We (the entity) give ASX the following information under listing rule 3.19A.2
and as agent for the director for the purposes of section 205G of the
Corporations Act.

Name of Director                              Josef El-Raghy

Date of last notice                           05/11/2002

Part 1 - Change of director's relevant interests in securities
In the case of a trust, this includes interests in the trust made available by
the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the
definition of 'notifiable interest of a director' should be disclosed in this
part.

Direct or indirect interest            Indirect
Nature of indirect interest            Mr El-Raghy was appointed Director of
                                       Nordana Pty Ltd and Alternate Director of
                                       El-Raghy Kriewaldt Pty Ltd
(including registered holder)
Note: Provide details of the
circumstances giving rise to the
relevant interest.
Date of change                         Appointment as Director 09/02/04
                                       Appointment as Alternate Director 12/06/
                                       03
No. of securities held prior to        Indirect Interest 1,300,000
change
Class                                  Ordinary Fully Paid Shares
Number acquired                        4,990,668 Nordana Pty Ltd
                                       17,595,714 Nordana Pty Ltd (Super Fund A/
                                       C)
                                       55,299,372 El-Raghy Kriewaldt Pty Ltd
Number disposed                                                              -
Value/Consideration                    nil
Note: If consideration is non-cash,
provide details and estimated
valuation
No. of securities held after change    950,000 Montana Realty Pty Ltd (Super
                                       Fund A/C)
                                       350,000 El-Raghy Family Trust
                                       55,299,372 El-Raghy Kriewaldt Pty Ltd
                                       17,595,714 Nordana Pty Ltd (Super Fund A/
                                       C)
                                       4,990,668 Nordana Pty Ltd
Nature of change                       Mr El-Raghy obtained indirect relevant
                                       interests in the securities held by the
                                       companies to which he was appointed
                                       Director and Alternate Director
                                       respectively.
Example: on-market trade, off-market
trade, exercise of options, issue of
securities under dividend reinvestment
plan, participation in buy-back

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of
the definition of 'notifiable interest of a director' should be disclosed in
this part.

Detail of contract
Nature of interest
Name of registered holder
(if issued securities)
Date of change
No. and class of securities to which interest related prior to change
Note: Details are only required for a contract in relation to which the interest
has changed
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change




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