CENTAMIN PLC - UNLOCKING CENTAMIN'S POTENTIAL.

MARTIN HORGAN, CEO, COMMENTED: 'Today we are setting out how we will unlock Centamin's potential.

We have already strengthened the board and management as we embark on a programme to optimise Sukari and ensure it remains one of the world's leading, low-cost gold mines for the long-term. By generating strong and sustainable cash flows, we will be able to exploit our excellent growth opportunities while delivering returns for all our stakeholders.'

Centamin is hosting a capital markets webcast today, Wednesday, 2 December 2020, for investors and analysts. The event will be hosted by Martin Horgan, CEO, and Ross Jerrard, CFO with the presentation starting at 09.00 GMT (UK time). The Company will present its strategic priorities, long-term vision including the three-year outlook and the Group's growth opportunities.

HIGHLIGHTS

Reshaping the business through the right people undertaking the right processes

Investing for operating stability and consistency

Enhanced focus on cash flow generation; targeting US$100 million reduction in the gross annual cost base by 2024

Positioning Sukari to reliably produce 450,000-500,000 ounces of gold per annum, at all-in sustaining costs ('AISC') below US$900/oz sold from 2024

A commitment to shareholder returns with the intention to distribute at least US$100 million in total dividends for each of the financial years 2020 and 2021

Progressing the active pipeline of existing growth opportunities within the business

Contact:

Alexandra Carse

Tel: +44 (0) 7700 713 738

Email: investors@centamin.je

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