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Centamin Egypt Limited: Centamin Egypt: Intention to Move to Official List

^{Published on 2009-08-04 05:05:14, Last Modified on 2009-08-04 05:05:22 - Market Wire}
 

TORONTO, ONTARIO--(Marketwire - Aug. 4, 2009) - Centamin Egypt Limited ("Centamin" or "the Company") (TSX:CEE)(ASX:CNT)(AIM:CEY) announces that it intends to apply for admission of its ordinary share capital to the Official List of the UK Listing Authority (the "Official List") and to trading on the London Stock Exchange's Main Market for listed securities. Work has commenced on the listing process and it is anticipated that this work and a move to the main board of the LSE as a primary listing will be concluded before year end.

The Board of Centamin believes that the Company has now reached a size and stage of maturity at which the Official List will be the most appropriate platform for future growth. The Directors believe that the move will result in the Company benefiting from an increased potential investor base, a higher profile and an increase in the liquidity of its shares.

Investec Investment Banking, a division of Investec Bank plc, has been appointed as sponsor in relation to the move to the Official List and as joint financial adviser to the Company. Ambrian Partners Limited is acting as joint financial adviser and UK broker to the Company.

For Centamin Egypt Limited

Josef El-Raghy, Managing Director/CEO

04 August 2009