Centamin Plc — AGM Information 2018

Mar 26, 2018

For immediate release 26 March 2018

Centamin plc ("Centamin" or "the Company") (LSE:CEY, TSX:CEE)

Results of the Annual General Meeting

Centamin wishes to advise the results of the Annual General Meeting ("AGM") held at the Royal Yacht, Weighbridge, St Helier, Jersey, on Monday, 26 March 2018 at 10.00am (UK time). The results of each of the resolutions are set out below.

The Company's issued share capital eligible to be voted at the AGM on 26 March 2018 was 1,152,107,984 ordinary shares. Approximately 69% of the Company's issued share capital were voted at the AGM.

	VOTES	%	VOTES	%	VOTES
	FOR		AGAINST		WITHHELD (1)
Ordinary Resolution 1
Annual accounts, strategic and directors'	780,578,359	99.35	5,135,115	0.65	5,206,292
report and auditor's report
Ordinary Resolution 2		99.99	7,718	0.001	742,030
Declaration of a final dividend	786,713,783
Ordinary Resolution 3.1	531,913,702	68.09	249,326,064	31.91	6,223,763
Approval of the remuneration report
Ordinary Resolution 3.2	372,494,622			52.01
Approval of the remuneration policy		47.99	403,620,079		11,347,428
Ordinary Resolution 4
Approval of increase in fees payable to non	782,828,143	99.89	883,457	0.11	1,323,813
executive directors
Ordinary Resolution 5.1	779,323,007	99.11	6,983,511	0.89	1,157,011
Re-election of Mr Josef El-Raghy
Ordinary Resolution 5.2	784,212,811	99.69	2,423,104	0.31	827,615
Re-election of Mr Andrew Pardey
Ordinary Resolution 5.3	779,496,576	99.09	7,139,339	0.91	827,615
Election of Mr Ross Jerrard
Ordinary Resolution 5.4	595,669,680	76.23	185,691,837	23.77	6,102,012
Re-election of Mr Gordon Edward Haslam
Ordinary Resolution 5.5			2,568,906	0.33	847,615
Election of Mrs Alison Baker	784,047,009	99.67
Ordinary Resolution 5.6		78.24	171,134,016	21.76	997,027
Re-election of Mr Mark Arnesen	615,332,486
Ordinary Resolution 5.7	617,129,920	78.45	169,497,084	21.55	836,527
Re-election of Mr Mark Bankes
Ordinary Resolution 6.1
Appointment of PricewaterhouseCoopers	789,656,456	99.95	412,599	0.05	829,142
LLP (Auditor)

Ordinary Resolution 6.2 Authorise the directors to agree the auditor's remuneration	789,966,630	99.98	160,240	0.02	792,594
Ordinary Resolution 7	770,781,404	97.56	19,314,800	2.44	823,559
Authority to allot relevant securities
Special Resolution 8.1	778,748,464	98.56	11,366,379	1.44	804,921
Disapplication of pre-emption rights
Special Resolution 8.2	771,645,496	97.66	18,475,591	2.34	798,675
Further disapplication of pre-emption rights
Special Resolution 9
Market purchase of ordinary shares	785,949,741	99.91	744,065	0.09	769,723

(1) A "Vote Withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes 'For' and 'Against' the resolution.

A copy of the results of the AGM, along with a copy of resolutions passed other than those concerning ordinary business at the AGM, have been submitted to the National Storage Mechanism at http://www.morningstar.co.uk/uk/NSM. The scrutineers of the poll were Computershare Investor Services (Jersey) Limited. The full text of each of the resolutions is set out in the Notice of AGM, a copy of which is available on the Centamin website at www.centamin.com.

Disclosure under E.2.2 of the Corporate Governance Code (the Code)

Resolution 3.2, for the approval of the Remuneration Policy, received 52% of advisory votes against and therefore the resolution has not been passed.

It is also noted that there was a significant minority vote (more than 20%) against the Remuneration Report (Resolution 3.1) and the reappointment of Remuneration Committee members, Edward Haslam (Resolution 5.4), Mark Arnesen (Resolution 5.6) and Mark Bankes (Resolution 5.7).

The Board of Directors, with the support of the Remuneration Committee, will undertake a full review of the Remuneration Policy in 2018.

Andrew Pardey, CEO commented:

"The Company regularly engages with our major shareholders and proxy advisors for their input on, but not limited to, matters of remuneration. We are disappointed with the results of today's advisory vote against the Remuneration Policy. We will continue to proactively consult with our shareholders and proxy advisors to ensure their feedback is better understood and implemented where appropriate."

For more information, please contact:

Centamin plc Andrew Pardey, CEO Alexandra Carse, Investor Relations +44 (0) 7700 713 738 alexandra.carse@centamin.je

Buchanan Bobby Morse Chris Judd + 44 (0) 20 7466 5000 centamin@buchanan.uk.com