Issue of Equity

Centamin Egypt Limited
14 July 2006


                             Centamin Egypt Limited

                                Issue of Equity


Centamin Egypt Limited ('the Company') announces that, following the exercise of
options issued under the Employee Share Option Plan 2002, 100,000 ordinary
shares have been issued and allotted at an exercise price of A$0.2310 per share.

Application has been made for the new ordinary shares to be admitted to trading
on AIM. The new ordinary shares will rank pari passu with the existing ordinary
shares in the Company and trading of these shares on AIM is expected to commence
on 21 July 2006.

The total number of ordinary shares on issue following this issue is
578,395,369.



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