Mr. Michael Stoner reports

CENTAMIN PLC ANNOUNCES 2023 FINAL DIVIDEND

Centamin PLC's board of directors has recommended the payment of a final dividend of two U.S. cents per share, for the six months ended Dec. 31, 2023.

Dividend policy

Stakeholder, and specifically shareholder returns, are central to the company strategy. Centamin was one of the first gold producers to pay a dividend under a structured policy. It has since built a 10-year record of returning cash to shareholders, totalling $881-million (U.S.) (inclusive of the fiscal year 2023 final dividend).

As a result of Centamin's continued commitment to shareholder returns, the dividend policy remains unchanged from its previous commitment to return a minimum of 30 per cent of group free cash flow before growth capital expenditure to shareholders in cash dividends. In addition to the minimum dividend, the balance sheet is assessed by the board which will use its discretion to allocate the remaining available cash to growth projects and supplementary dividend payments.

2023 final dividend

The board proposes a final dividend of two U.S. cents per share ($23-million (U.S.)). The final dividend will be subject to shareholder approval at the annual general meeting on May 21, 2024, which will be hosted in Jersey.

Following the interim dividend of two U.S. cents ($23-million (U.S.)) that was declared in July, 2023, and paid in September, 2023, the final dividend brings the total dividend attributed to full year 2023 to four U.S. cents per share ($46-million (U.S.)). This represents 55 per cent of the cash available for dividend payments, exceeding the policy to pay out a minimum of 30 per cent of group free cash flow before growth capital expenditure. The board applied its discretion to allocate $21-million (U.S.) to supplementary dividend payments given the continued strength of the balance sheet.

Centamin maintains a robust financial position, with cash and liquid assets of $153-million (U.S.) as at Dec. 31, 2023. The company's disciplined approach to capital allocation provides the flexibility to allocate capital to shareholders returns, business investment and growth as well as environmental and social opportunities.

2023 final dividend timetable

Below is the final dividend timetable for the London Stock Exchange (LSE) and Toronto Stock Exchange (TSX):

• AGM date: May 21, 2024;
• Ex dividend date: May 30, 2024 (LSE only);
• Record date: May 31, 2024 (record and ex dividend date for the TSX);
• Last date for currency elections: June 3, 2024;
• Payment date: June 19, 2024.

Dividend currency elections

The dividend will be paid on June 19, 2024, in U.S. dollars with an option for shareholders to elect to receive the dividend in pounds sterling. Currency elections should be made no later than June 3, 2024, as per the instructions detailed on the company website. Payments in pounds sterling will be based on the U.S. dollar/pound sterling exchange rate on June 4, 2024, 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 premium listings on the London Stock Exchange and Toronto Stock Exchange. 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 5.7 million ounces of gold, and today has a projected mine life to 2035.

Through its large portfolio of exploration assets in Egypt and West Africa, Centamin is advancing an active pipeline of future growth prospects, including the Doropo project in Ivory Coast, and over 3,000 square kilometres of highly prospective exploration ground in Egypt's Arabian 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.

We seek Safe Harbor.