Ms. Alexandra Barter-Carse reports

CENTAMIN PLC ANNOUNCES DIVIDEND DECLARATION

Consistent with the company's stated commitment to shareholder returns, Centamin PLC's board of directors has declared an interim dividend of two U.S. cents per share ($23-million (U.S.)) for the six months ended June 30, 2023.

As per the dividend policy, this distribution is in line with the commitment to return a minimum of 30 per cent of group free cash flow before growth capital expenditure to shareholders in cash dividends. In consideration of the following factors and reflecting the board's confidence, a total of 56 per cent of H1 2023 group free cash flow before growth capex (capital expenditure) will be distributed to shareholders on Sept. 29, 2023:

• Centamin is in a financially robust position with $161-million (U.S.) in cash and liquid assets.
• The $150-million (U.S.) sustainability-linked revolving credit facility remains undrawn as a result of H1 2023 growth capex being financed from cash flow.
• The gold price protection program limits the revenue downside risk below a gold price of $1,900 (U.S.) per ounce.
• The company is operationally and financially well positioned for a stronger H2 2023, in line with plan.

The interim dividend is calculated as shown in the attached table.

Dividend timetable

The following is the final dividend timetable for the London Stock Exchange and Toronto Stock Exchange.

Ex dividend date:  Aug. 31, 2023

Record date:  Sept. 1, 2023

Last date for currency elections:  Sept. 4, 2023

Payment date:  Sept. 29, 2023

Dividend currency elections

The dividend will be paid on Sept. 29, 2023, in U.S. dollars, with an option for shareholders to elect to receive the dividend in British pounds. Currency elections should be made no later than Sept. 4, 2023, as per the instructions detailed on the company's website. Payments in British pounds will be based on the U.S. dollar/British pound exchange rate on Sept. 5, 2023, and the rate applied will be published on the website thereafter.

As a Jersey incorporated company, there is no requirement for Centamin to make any withholding or deduction on account of Jersey tax in respect of the dividend.

About Centamin PLC

Centamin is an established gold producer, with a premium listing on the LSE and a secondary listing on the TSX. Following a period of reset, including a significant refresh of the board and management team, the company is now entering a growth phase, balanced with stakeholder returns. The company's flagship asset is the Sukari gold mine, Egypt's largest and first modern gold mine as well as one of the world's largest producing mines. Since production began in 2009, Sukari has produced over five million ounces of gold and today has six million ounces in gold mineral reserves. Through its large portfolio of exploration assets in Egypt and Ivory Coast, Centamin is advancing an active pipeline of future growth prospects, including the Doropo project in Ivory Coast, and has over 3,000 square kilometres of highly prospective exploration ground in Egypt's Nubian Shield.

Centamin practises responsible mining activities, recognizing its responsibility to deliver operational and financial performance and create lasting mutual benefit for all stakeholders through good corporate citizenship, including, but not limited to, in 2022, achieving new safety records (eight million hours free of lost-time injuries), commissioning of the largest hybrid solar farm for a gold mine (Sukari 36-megawatt-direct-current solar plant), and sustaining a 96-per-cent Egyptian work force and a 68-per-cent Egyptian supply chain at Sukari.

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