Result of Supreme CourtAction

Centamin Egypt Limited
25 March 2002


Centamin Egypt Limited ('Centamin')


Supreme Court Action COR350 of 1998 - El-Ansary and Another vs El-Raghy and
others


The Directors of Centamin are pleased to announce that on 25th March, Justice
Templeman in the Supreme Court of Western Australia, dismissed the above action.
This action was commenced by Mohamed and Barbara El Ansary against Sami
El-Raghy, Michael Kriewaldt, El-Raghy Kriewaldt Pty Ltd, Nordana Pty Ltd,
Pharaoh Gold Mines NL and Centamin Egypt Limited.

Pharaoh Gold Mines NL a 99.9% owned subsidiary of Centamin was the fifth
respondent in this action.

The written reasons of Justice Templeman are held at Centamin's, Mt Pleasant
office.



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