CENTAMIN PLCSukari Gold Mine Site Visit13-14 February 2019

CLEAR STRATEGY.

MATERIAL UPSIDE.

STAKEHOLDER RETURNS.

2

Forward Looking Statements: There are risks associated with an investment in the shares ofCentamin plc (“Centamin” or “the Company”). Recipients of this presentation should reviewthe risk factors and other disclosures regarding Centamin referred to in the section entitled“Principal risks affecting the Centamin Group” in (i) our most recent Annual InformationForm; and (ii) our Management Discussion & Analysis reports, in each case available atwww.sedar.com.

This presentation contains "forward-looking statements" (which include “forward-lookinginformation” within the meaning of Canadian securities legislation) which may include, butare not limited to, statements with respect to the future financial or operating performanceof the Company, its subsidiaries, affiliated companies, its projects (including the Sukarimine), the future price of gold, the estimation of mineral reserves and resources, therealisation of mineral reserve and resource estimates, the timing and amount of estimatedfuture production, revenues, margins, costs of production, estimates of initial capital,sustaining capital, operating and exploration expenditures, costs and timing of thedevelopment of new deposits, costs and timing of future exploration, requirements foradditional capital, foreign exchange risks, governmental regulation of mining and explorationoperations, timing and receipt of approvals, consents and permits under applicable minerallegislation, environmental risks, title disputes or claims, limitations of insurance coverageand regulatory matters.

These forward-looking statements are provided for the purposes of assisting the reader inunderstanding the Company’s financial position and results of operations as at and for theperiods ended on certain dates, and to present information about management’s currentexpectations and plans relating to the future. Readers are cautioned that forward-lookingstatements may not be appropriate for other purposes than outlined in this presentation.Often, but not always, forward-looking statements can be identified by the use of wordssuch as "plans", "hopes", “aims”, “assumes, “seeks”, “targets”, “projects”, "expects", "isexpected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or"believes" or variations (including negative variations) of such words and phrases, or may beidentified by statements to the effect that certain actions, events or results "may", "could","would", “should”, "might" or "will" be taken, occur or be achieved.

Forward-looking statements involve known and unknown risks, uncertainties and a variety ofmaterial factors (many of which are beyond the Company’s control) which may cause theactual results, performance or achievements of the Company, its subsidiaries and affiliatedcompanies to be materially different from any future results, performance or achievements

expressed or implied by the forward-looking statements. Such factors include, among others,future price of gold; general business, economic, competitive, political and socialuncertainties; the actual results of current exploration and development activities;conclusions of economic evaluations and studies; fluctuations in the value of the US dollarrelative to the local currencies in the jurisdictions of the Company’s key projects; changes inproject parameters as plans continue to be refined; possible variations of ore grade orprojected recovery rates; accidents, labour disputes or slow-downs and other risks of themining industry; climatic conditions; political instability, insurrection or war; civil unrest orarmed assault; labour force availability and turnover; delays in obtaining financing orgovernmental approvals or in the completion of exploration and development activities. Thereader is also cautioned that the foregoing list of factors is not exhaustive.

Although the Company has attempted to identify important factors that could cause actualactions, events or results to differ materially from those described in forward-lookingstatements, there may be other factors that cause actions, events or results to differ fromthose anticipated, estimated or intended. Forward-looking statements contained herein aremade as of the date of this presentation and, except as required by applicable law, theCompany disclaims any obligation to update any forward-looking statements, whether as aresult of new information, future events or results or otherwise, after the date on which thestatements are made or to reflect the occurrence of unanticipated events. There can be noassurance that forward-looking statements will prove to be accurate, as actual results andfuture events could differ materially from those anticipated in such statements. Accordingly,readers should not place undue reliance on forward-looking statements.

Competent Persons: Information in this presentation which relates to exploration, geology,sampling and drilling is based on information compiled by geologist, Mr Norm Baillie, who,as an accredited Chartered Professional Geologist and Manager through the GeologicalSociety of the United Kingdom and the Australasian Institute of Mining and Metallurgy, is an“Competent Person” for this purpose and a “Qualified Person” as defined in “NationalInstrument 43-101 of the Canadian Securities Administrators”.

Refer to the Company’s annual report for 2017, for further discussion of the extent to whichthe estimate of mineral resources/reserves may be materially affected by any knownenvironmental, permitting, legal, title, taxation, socio-political, or other relevant issues.

DISCLOSURESForward Looking Statements

3

February 13 – 14, 2019

SAFETY INDUCTION Steve FuhriHealth, Safety and Environment

Manager

CORPORATE OVERVIEW Andrew Pardey Chief Executive Officer

SUKARI GOLD MINERaitt Marshall

Grahame Smith

General Manager, Sukari Gold Mine

Operations Director

EXPLORATION Norm Baillie

Ahmed Kamal El Deen

Group Exploration Manager

Senior Exploration Geologist

OPEN PITAhmed Ghaly

Lawrence Aboagye

Senior Engineer

Chief Open Pit Geologist

PROCESSING Mohamed Hadidy Metallurgical Superintendent

UNDERGROUND Jason Butler Chief Underground Geologist

PRESENTATION OVERVIEW

CORPORATE OVERVIEW

5

OUR ASSETSWorld class mine; Active growth pipeline

Egypt Operating mine, Sukari Gold Mine

• Egypt’s largest gold producer

• 10th year of operation: Produced approximately 3.4Moz Au to date @ avg cash cost of $618/oz

• 2018A produced 472koz @ forecast AISC $890/oz

• 11.8Moz JORC resource, 8Moz reserve; orebody remains open at depth

• +20 year open pit LOM, with +5 year underground LOM

• Located 750km from Cairo in SE Desert, 31km from Marsa Alam (international airport) Red Sea resort town

Côte d’IvoireExploration

• 3,472km2 license holding

• Doropo: 1.35Moz Indicated and 0.9Moz Inferred resource; PEA on schedule for H1 2019

• ABC: highly prospective greenfield permits, targeting maiden resource Q1 2019

Burkina FasoExploration

• 1,258km2 license holding, including 1 exploitation permit

• Batie: 1.9Moz Indicated and 1.3Moz Inferred resource

* as of 30 June 2017

Operating Mine

Exploration Project

6

Asset QualityTop 10 Tier One Assets by AISC, production and LOM

Lowest half cost curve, bulk tonnage operation

>10yrs LOM (vs gold sector avg ~10yrs*) with reserve and resource growth upside

Near term, near-mine / capex lite production upside

Financial FlexibilityUS$292m cash and liquid assets as at 30 Sept 2018

No debt

No hedging

No streaming

Stakeholder ReturnsMeaningful socio-economic contributor to our host country/partners

Reliable dividend policy, min 30% of FCF

Current 8.4% dividend yield, as at 26 Jan 2019

Maintain social license to operate

Active Growth PipelineSukari UG – Amun/Ptah reserve replacement

Sukari UG – Cleopatra exploration & development

Doropo – PEA underway

Batie West – scoping study underway

ABC – ongoing greenfield target generation

LSE:CEY / TSE:CEE

100% free float

FTSE 250

INVESTMENT CASESupported by strong fundamentals

* Referenced RBC Capital Markets

7

0

0.5

1

1.5

0

25,000

50,000

75,000

100,000

125,000

150,000

175,000

Q1 2018 Q2 2018 Q3 2018 Q4 2018

FY 2018 - Quarterly Production (Actuals)

Production (oz) Feed Grade (g/t)

Creating a Stable Platform

⚫ Open pit: The sulphide ore will be the

primary source of production for at least

the next three years

⚫ Underground: Tighter controls,

appointed new personnel.

2018 PRODUCTION Improving operational efficiencies

Q3 – Q4: Production Improving

⚫ Open pit: Mining of the transitional

zone was completed in Q3 2018

⚫ Underground: significant

improvements realised

Q1 – Q2: Short-term Operational Issues

⚫ Open pit progressed through a

transitional zone to higher grade

sulphide ore

⚫ Underground mine suffered damage to

the Long-Hole Drill Rig (“LHDR”)

units Q4 2018 Q3 2018 % change FY 2018 FY 2017 % change

Gold production oz 137,600 117,720 17% 472,418 544,658 -13%

Cash costs of production US$/oz produced 619 (13%) 625-640(1,2) 554

All-in sustaining cost US$/oz sold 889 (17%) 875-890(2,3) 790

1. Full Year 2018 guidance as per Q3 2018 Preliminary Production Results, published 5 October 2018 2. Cash costs based on gold produced; AISC based on gold sold; Gold sold expected to be greater than or equal to produced.3. Expect full year AISC to come at the top end of the guidance range, US$875/oz – US$890/oz, as per the Q3 2018 Results, published on 1 November 2018

2019

8

800

(900)

520

1,180

2013 UndergroundReserves

2013-17 CumulativeProduction

2013-17 CumulativeReserves Replacement

2017 UndergroundReserves

7,200

(1,028)

7,700 528

2013 Open PitReserves

2013-17 CumulativeProduction

2013-17 CumulativeReserves Replacement

2017 Open PitReserves

LONG TERM VIABILITYSuccessful track record achieving resource expansion

1.5 1.7

3.1

4.6

7.5

9.0 9.4

11.0

13.1 13.1 13.4 13.4 13.0 13.0

11.7

1.9 1.9 2.2

3.3

0.0

0.2

0.4 0.6

1.0

1.3 1.8 2.4 2.9

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Sukari Resources West Africa Resources Cumulative Production

Sukari Open Pit Reserves Since 2013 (koz Au)

Sukari UG Reserves Since 2013 (koz Au)

Resource Evolution (Moz Au)

Cumulative production to date: 3,224 koz Au

Only a fraction of the Company’s resources have been extracted to date

(1)

Note: Resources are shown inclusive of reserves, but exclusive of inferred resources.1. Comprised of Konkera and Doropo. Konkerra & Doropo indicated resource of 34.2 mmt grading 1.75 g/t Au and 32.6 mmt grading 1.29 g/t Au, respectively.2. Based on average annual production rate of 500 koz Au.

~50% reserve replacement

8Moz Reserve mine life of >15 years(2)

~130% reserve replacement

9

ROBUST FINANCIAL STRATEGY Managing the bottom line to maximise cash flow

1. Non-GAAP measures and are defined in the Financial Review of our Interim Results, announced 2 August 2018

2. Cash and liquid assets including cash and cash equivalents, bullion on hand at market price, gold sales receivable and financial assets at fair value through other comprehensive income of US$292.2m as at 30 Sept 2018

3. Board will propose final 2018 dividend for the year ending 31 December 2018 on 25 February 2019

• Maintain a strong, flexible balance sheet of a minimum US$250 million in cash

• As at 31 September 2018, US$292.2m cash and liquid assets(1,2) , after payment of US$28.9m interim dividend

• No debt, no hedging, no streaming

• Reliable returns for stakeholders

• Sustainable dividend stream; US$450 million distributed in dividends over 5 years(3)

• Material local direct and indirect employer

• Payments to government in excess of US$400 million in tax, rent, royalty and profit share agreements

• Stringent cost management and disciplined capital allocation

• Routine prioritising of capex programme

• Self-funded organic growth pipeline

• Re-investment to sustain the core business for the long term

• Continuous investment in exploration unlocking value from asset portfolio underpinning long term growth

10

Dividend Policy

Source: Company filings

¢0.9 ¢1.0 ¢2.0 ¢2.5 ¢2.0 ¢2.0

¢13.5 ¢10.0 ¢2.9 ¢2.9

¢15.5 ¢12.5

¢2.5

2014 2015 2016 2017 H1 2018

Interim Final

$10 $11 $23 $29 $23 $23

$156 $115

$33 $34

$179 $144

$29

2014 2015 2016 2017 H1 2018

Interim Final

Free Cash Flow (US$ mm)

Dividend per Share

(¢/sh)

Total Dividends (US$ mm)

$38

$115

$242

$142

$36

2014 2015 2016 2017 H1 2018

PRIORITISING SHAREHOLDER RETURNSGenerating positive returns in the face of operational challenges

Excess Cash returned to shareholders as dividend build

Min dividend 30% of Sukari cash flow Maintain min $250m cash balance Growth capital investment

>75% of annual free cash flow

paid out in dividends

11

NEAR TERM

Sukari Underground

Cleopatra Exploration Decline

Successful early stage results identifying good grades on the contact zone and internal geological structures

1m @ 111g/t; 1m @ 11.5g/t; 1.4 @ 12.8g/t

Self-funding exploration and development from pre-production revenue generation

SUSTAINABILITY

Sukari Underground

Amun/Ptah Decline

Resource extension drilling continued to return excellent results

3m @ 428g/t; 43m @8.2g/t, inc 15m @ 12g/t; 6m @ 26g/t

Underpinning the long term sustainability of Sukari underground

MEDIUM TERM

Doropo Project

Near resource, near surface extension drilling returned positive results

37m @ 6.4g/t; 40m @ 2.7g/t; 13m @ 11.2g/t; 15m @ 8.4g/t

Updated resource and reserve/PEA expected H1 2019

LONG TERM

ABC Project

Wide spaced drilling and geochem results indicate extensive gold mineralised system

Target maiden resource H1 2019

Sukari Regional Exploration

Undergoing petrophysics, 3D seismic, geophysics across 160km2 license area

Potential for truckable tonnes to existing plant

ACTIVE GROWTH PIPELINE Self funded, organic growth upside potential

12

KEY OBJECTIVESNear term deliverables

Continue to optimise the performance at Sukari

❑ Deliver further operational improvements and driving production growth

❑ Return excess free cash flow generated to shareholders

❑ Deliver Sukari solar project feasibility study

Unlock potential of organic growth profile

❑ Sukari underground updated reserve and resource statement

❑ Doropo Project PEA, update resource and maiden reserve

❑ ABC Project maiden resource

❑ Significant exploration target generation across the portfolio

Governance and sustainability

❑ Continued downward trend in Group LTIFR

❑ Board succession programme: Appointment of three independent NEDs, one migrating to NEC

❑ Implement Board approved local community initiatives

❑ Propose a new Remuneration Policy to shareholders

SUKARI GOLD MINE

14

Arab Republic of Egypt

▪ Stable government: President el Sisi re-elected for 2nd term; Undergoing economic reform as part of the $ 12bn IMF loan

▪ Strengthening economy: 2018 GDP grew 5.4%, inflation over halved to <12% and budget deficit below 10%.

▪ Ancient historic gold belt; Underexplored Arabian-Nubian Shield (ANS) runs north to south, along the east coast of the country

▪ Excellent infrastructure; Well educated, skilled workforce

▪ Sukari Gold Mine is Egypt’s first modern mechanized gold mine in Egypt

▪ Fair fiscal terms: the Concession Agreement was ratified by Egyptian parliament as law 222 of 1994.

▪ First mover advantage: Centamin explored 3,000km2 along the Egyptian ANS

EGYPTExcellent emerging market opportunities

15

$493 $533

$588 $643 $661

$705 $709 $722 $749 $752

Cortez(Barrick)

Olimpiada(Polyus)

Sukari(Centamin)

Cadia(Newcrest)

Merian(Newmont -

75%)

Kumtor(Centerra)

Loulo-Gounkoto(Randgold -

80%)

Pueblo Viejo(Barrick - 60%)

Kalgoorlie(Barrick - 50%)

Kibali(Randgold -

50%)

Source: WoodMackenzie

Top 10 Global Tier One Assets by 2017 AISC (US$/oz)

Tier One Gold Assets (> 500 koz; > 10 year mine life; bottom half of cost curve)

WORLD CLASS ASSETBulk tonnage, long life, low cost mine

16

Mubarak Army Morsi Mansour Sisi Sisi

5

150

203

263

357 377

439

551 545

472

--

$300 /oz

$600 /oz

$900 /oz

$1,200 /oz

$1,500 /oz

$1,800 /oz

$2,100 /oz

0

100

200

300

400

500

600

700

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018F

Production Cash Cost Average realised gold price All-in sustaining cash costs

PROVEN OPERATIONAL TRACK RECORDCommencing the 10th year of commercial production

(1) For further details on the mechanics of the Concession Agreement please refer to the 2017 Annual Report and Accounts and the License Overview found on the Company website:

http://www.centamin.com/production/sukari/licence-overview

Short-term issues being addressed

~US$1.2bn foreign capital investment and full cost recovery Profit Share with local partners, EMRA(1)

Commenced underground

mining

Fuel subsidy removed

Commissioned Stage 1, 4Mtpa

plant

Plant expansion to 10Mtpa

17

INVESTED IN OUR PEOPLEIndustry leading health and safety track record

Annual LTIFR (per 200,000 hours worked) ▪ People are our first asset and

therefore workplace health, safety

and wellbeing is our number one

priority

▪ 72% decrease in LTIFR YoY, with

two reported Lost Time Injuries in

6.45m hours worked

▪ Achieved zero-harm target for 4 yrs

and 2yrs consecutively in Cote

d’Ivoire and Burkina Faso,

respectively

▪ Health and safety training forms a

critical part of delivering

sustainable operations, along with

continued professional

development and wellbeing

training that ensures operational

excellence and career

advancement

0.39

0.200.24 0.22

0.06

-

0.10

0.20

0.30

0.40

0.50

2014 2015 2016 2017 2018

FY2018

Total hours worked

LTILTIFR

per 200,000 hours

GROUP 6,459,939 2 0.06

Sukari 5,784,130 2 0.07

Burkina Faso 139,241 0 0.00

Cote d’Ivoire 536,568 0 0.00

SUKARI GOLD MINES

CENTAMIN PLC(CEY LN;CEE CN)

100%

50%

PHARAOH GOLDMINES(Concession Agreement)

EGYPTIAN MINERAL

RESOURCES AUTHORITY

(“EMRA”)

CONCESSION AGREEMENTCorporate Structure

50%

License

160km2

30 year license granted in 2005, with option for a further 30 years

Royalty 3% NSR

Profit Share with EMRA

Profit Share was triggered in 2016, after full $1.2bn cost recovery.

Profit Share schedule:

1. 45% for next 2 years (to June 2020)

2. 50% of revenue net of all qualifying costs thereafter.

Cost Recovery

Growth capital expenditure is recovered over three years

Sustaining capital expenditure is recovered in the year it is incurred

Taxes No other direct or indirect taxes

Other

Early payments were made to EMRA in 2013, 2014, 2015 in line with returns made to shareholders by way of dividends. These early payments were later offset against the first profit share payments made in 2016.

18

19

10% Group workforce (outside of Egypt)

is female

93% Group workforce

is employed locally

95% workforce is Egyptian at

Sukari

CORPORATE SOCIAL RESPONSIBILITYContribution to our operating host country and local community

US$248.2m paid to EMRA in profit share to date

44% suppliers to Sukari are Egyptian

Q3: $10.6m (YTD: $49.9m) paid to EMRA in profit share

In addition to the above, we engage in various local community projects and initiatives to ensure we maintain our social license to operate, lead by strong relations with local stakeholders, as set out in the CSR report found on our website

*Arab Republic of Egypt (“ARE)

>270 Egyptian company suppliers

GROUP Total c.US$400m DIRECT

payments to government of host

countries

1,345 Egyptian employees

US$137.8m paid to ARE in royalties to date

Q3: $3.9m (YTD: $12.8m) in royalties to ARE*

1,670 Group workforce 33 women directly employed

20

SUKARI OVERVIEWQuick facts

OperationsOpen pit (owner-operator) & underground (contractor)

Geology

Two parallel structures trending NNE & dipping E• Porphyry intrusive, hosting the low grade,

bulk tonnage open pit• High grade underground zones, located

along the contact zones of the structures

Resources 11.8Moz M&I

Reserves 8.0Moz P&P

LOMOpen pit: >20 yearsUnderground: >5 years

Plant 12.5Mt pa CIL

Production 2017A: 544.7koz Au2018A: 472koz Au

Unit AISC (US$/oz sold)

2017A: US$790/oz2018F: US$890/oz (YTD18A: US$917/oz)

Safety2017A: LTIFR 0.24 (2018A: LTIFR 0.06)

Access

8km gravel road off the Edfu/Marsa Alam paved highway

100km to Marsa Alam International Airport

Water

25km salt water pipeline Desalination plant

40-45% of processing water is recycled off the TSF

PowerHFO, 70MW capacity Solar feasibility underway

Tailings1 downstream tailings storage facility (TSF), with another under construction

21

SUKARI OVERVIEWSite layout

21

22

FY2018 RESULTS REVIEWSignificant operational turnaround; further improvements to come

INDENTIFY EVALUATE IMPLEMENT SOLUTIONS RESULTS & MONITORING

Factors impacting performance

Cause Response Outcome

Open pit grade• Transitional zone thicker than

expected with lower than expected grades

✓ Enhanced grade control drilling✓ Personnel change ✓ Increase mining rates and

volumes to access sulphides as efficiently (time and cost) as possible

✓ Stage 4 mining of the transitional zone completed in Q3

✓ 20% increase in ore tonnes, driving a significant increase in stockpile inventory

✓ Effective scheduling resulted in less trucks utilised to move record material

Underground stope tonnage

• Long hole drill rig ("LHDR") damaged, causing disruptions and temporary suspension of stoping

• Increased volume of cascade stoping (bulk tonnage mining method) leading to increased dilution

‐ Repaired LHDR‐ Deferred stoping sequence, did

not sterilise any stopes‐ Backup LHDR ordered‐ Assessed alternative mining

methods

✓ LHDR fully operational; No equipment utilisation or availability issues to report;

✓ Back-up LHDR on site✓ Reduction in total tonnage

impacted by cascading stoping

Underground development grade

• Increased development tonnages due to lower stoping production

‐ Personnel changes✓ Multiple new technical

appointments

Underground stope grade• Greater than expected dilution

from high-volume mining method (cascade stope mining)

‐ Reducing contribution from higher dilution mining methods

‐ Improved controls continue to be implemented

✓ Improvement in operational efficiencies

EXPLORATION SESSION

24

UNLOCKING SUKARI’S FULL POTENTIALOrebody remains open at depth

▪ Underground exploration and development strategy remains:

‐ Reserve replacement

‐ Resource growth and improved classification

‐ Maintain development at >3yrs ahead of mining

‐ Reduce sensitivity to equipment downtime

▪ Q3 2018 9,286m drilled from Amun, Ptah, Cleo and ToH.

▪ Q4 2018 a further 10,000m drilled.

‐ 4 rigs targeting reserve and resource expansion:

1. Cleopatra2. Ptah deeps: Northern extensions;

Extensions along the Eastern Contact3. Ptah Keel: Infill drilling; Eastern and

Western resource extension 4. Top of Horus

AMUN CROSS SECTION LOOKING NORTH

25

UNLOCKING SUKARI’S FULL POTENTIALSukari long-section: Q3 2018 drill intercepts highlights

NEAR TERM

SUSTAINABILITY

26

UNLOCKING SUKARI’S FULL POTENTIALPtah cross-section

27

UNLOCKING SUKARI’S FULL POTENTIALAmun/Top of Horus cross-section

Excellent results:

➢ outside of the existing resource

➢ Near to current development

Sustainability:

➢ Future upside potential for UG mine

➢ Testing potential at depth to the South

28

Q1 Q2 Q3 YTD

Tonnes 20,437 47,692 70,897 139,026

Au 2.8 1.77 1.6 1.85

Oz 1839.8 2714 3647 8,247

UNLOCKING SUKARI’S FULL POTENTIALCleopatra Q3 2018 exploration and development

29

UNLOCKING SUKARI’S FULL POTENTIALCleopatra cross-section

V Shear

QuartzRidge

Kurdeman

SamiSouth

SukariMine

Sukari North Prospects

Shu

Tenement area: 160km2

N

RED SEA

30

5km Marsa Alam

300km Aswan

UNLOCKING SUKARI’S FULL POTENTIALRegional field exploration to identify the porphyry source

30

▪ Sukari is a world-class gold district(+15Moz) hosted on a major ANS terraneboundary, a NW verging, obducted,ophiolite thrust belt.

▪ Sukari Resources are currently drill definedaround the 2.5km by 0.6km deep SukariPorphyry which sits axially within a muchwider 17km long by 3.7km ophiolite shearzone known locally as the Sukari Domain(SDOSZ).

▪ There are 7 main surface prospects hostedalong 5 primary domain gold trends, withinthe mining permit. All surface prospects arewithin easy trucking distance to the existingprocessing plant and infrastructure.

▪ Q2 we successfully completed the firststage petrophysics for the application of 3DSeismics at Sukari.

▪ Q3 conducted a further DTH geophysicscombining Density and Full Wave-FormSonic data acquisition before starting 2DSeismic sections in Q1 2019

▪ Construct a robust district 3D geo-seismicarchitecture of the SDOSZ to depths>1.5km, targeting potential new blindSukari-style porphyries.

ARABIAN NUBIAN SHIELDStrategically positioned

▪ Sukari first modern mechanised gold mine

▪ Historic gold belt: 65 historic gold mines known across theANS

▪ Competitive advantage: Centamin’s operational trackrecord, country presence, skilled work force, local andgeologic understanding gives the Company a competitiveadvantage to look at further growth opportunities withinthe ANS.

31

OPEN PIT TOUR

33

OPEN PIT MINELong life, low cost, bulk tonnage operation

Mining Owner-operator

Bulk tonnage operation▪ 2018A: 77.9Mt total

material moved

▪ 2018A: 23.1Mt total ore moved

▪ 2018A: 0.60g/t mined grade, inc DL, stockpile

Pit design7 stages; currently mining Stage 4: predominant source of ore for the next 3 years

Final Pit 2.7km long x 1.3km wide

Resource Sukari M&I resource: 11.8 Moz

ReserveOpen pit P&P reserve: 7.2Moz @ 0.93g/t, 239Mt

LOM > 20 years

ST4

ST5

ST6

ST7

31 Dec 2018

1010 RL

1040 RL

1200 RL

OPEN PITMining Stage 4

Open Pit Plan View: Sukari porphyry

Open Pit Plan View : 2018 Stage 4

3434

0.00

0.20

0.40

0.60

0.80

1.00

1.20

Q12015

Q22015

Q32015

Q42015

Q12016

Q22016

Q32016

Q42016

Q12017

Q22017

Q32017

Q42017

Q12018

Q22018

Q32018

Q42018

Open Pit Mined Grade Open Pit Feed Grade

▪ Record material moved of 77.9Mt

▪ Record ore tonnes mined of 23.1Mt @ 0.60 g/t, a 10%

decline YoY:

➢ 11.1Mt @ 0.76 g/t delivered to the mill

➢ 2.0Mt @ 0.37 g/t delivered to the dump leach

➢ 10.0Mt @ 0.47 g/t delivered to the stockpiles

▪ Q4 mined 5Mt of ore at 0.75g/t, an 18% increase QoQ,

delivering open pit feed grade of 0.92g/t, a 12%

increase QoQ

▪ Stage 4 sulphide material is the primary source of

open pit ore for at least the next 3 years

▪ Mined grades expected to continue to improve

throughout H1 towards the reserve grade, as mining

progresses into the Hapi Zone.

▪ Increased material moved; strip ratio expected to

return to LOM levels

2018 OPEN PIT

OPEN PITMining Stage 4

35

2019 OUTLOOK

OPEN PIT ORE MINED GRADE AND FEED GRADE

OPEN PIT TOTAL MATERIAL MOVED vs STRIP

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

0

5,000

10,000

15,000

20,000

25,000

Open Pit Ore Open Pit Waste Strip Ratio

PROCESSING TOUR

37

PROCESSINGAchieved record throughput

Capacity Plant throughput : 12.6Mt pa

Design

Sulphide flotation, fine grind, carbon-in-leach plant (CIL)

Conventional SAG and ball mills

First Pour 26 June 2009

Feed grade2017A: 1.57g/t2018A: 1.26g/t

Recovery2017A : 88.1%2018A : 88.7%

Construction4 stage build from 4.5Mtpa (2009) – 10Mtpa (2014)Fully funded from equity, on time and on budget

38

PROCESSING PLANTFlow sheet

39

0.13.1 3.6

4.5

5.7 5.8

10.611.6 12.0

12.6

2009.0 2010.0 2011.0 2012 2013 2014 2015 2016 2017 2018F

PLANT PERFORMANCE

ORE PROCESSED AND FEED GRADE

▪ Strong performance across the process plant

▪ Plant throughput of 12.6Mt

▪ Head grade of 1.26g/t, a 20% decrease YoY (inc Q4

feed grade of 1.45g/t, a 12% increase QoQ)

▪ Improved metallurgical recovery rates to 88.7%

▪ Cleopatra decline development in mineralised

material, produced 5,145 ounces

▪ Dump leach operations produced 12,522 ounces

PROCESSING PLANT THROUGHPUT (Mtpa)

PROCESSINGContinually optimising throughput and maximising recoveries

2018 PERFORMANCE

85.0%

86.0%

87.0%

88.0%

89.0%

90.0%

91.0%

92.0%

93.0%

0.70

0.90

1.10

1.30

1.50

1.70

1.90

Plant Feed Grade Recovery

0.50

0.70

0.90

1.10

1.30

1.50

1.70

1.90

0

1,000

2,000

3,000

4,000

Total Ore Processed Plant Feed Grade

DUMP LEACHLow cost ounces : Monetising marginal tonnes

2x dump leach pads

▪ South Dump Leach, located on the west of Sukari hill overapprox. 25ha and currently has 16.4Mt of ore stacked

▪ North Dump Leach, located at the north of Sukari overapprox. 15ha. North DL was constructed in Q2 2018 and has>1Mt of ore stacked to date. Irrigation began in Q3 2018.

▪ 2018A DL production: 12,525 ounces, a 46% increase YoY

▪ Increased oxide material and transitional ore delivered to thedump leach pads throughout 2018 as Stage 4 miningcommenced.

▪ Operational all year

▪ Head grade of ore: 0.3-0.4g/t

▪ Average recovery rate: ~60%

40

UNDERGROUND TOUR

42

Mining Contractor: BarmincoMethod: Long-hole stoping, room and pillar, avoca modified

Design Amun/Ptah decline engineered to 1.5Mtpa, optimal is 1.3Mtpa, to depth of c.600m vertical metres

2017A: 1.14Mt ore mined at 8.3g/t

2018A: 1.24Mt ore mined at 5.7g/t

Cleopatra exploration/development decline under construction: engineered to 1Mt pa

2,260 metres of decline development (185kt ore at 1.8g/t)

20,400 metres of exploration drilling completed

R & R 1.6Moz M&I @ 6.8g/t, inc 0.8Moz P&P @ 5.1g/t reserve (as per 31 Dec 2017 updated R&R)

LOM Current reserve supports > 5yr LOM, orebody open at depth

UNDERGROUNDShallow, high grade ounces, significant upside potential

Amun / Ptah Underground Long Section (looking east): 2018 stoping

43

0

500

1,000

1,500

2,000

2,500

3,000

Q12015

Q22015

Q32015

Q42015

Q12016

Q22016

Q32016

Q42016

Q12017

Q22017

Q32017

Q42017

Q12018

Q22018

Q32018

Q42018

Development Metres

UNDERGROUND ORE MINED AND AVERAGE GRADE

UDNERGROUND GRADE PROFILE

UNDERGROUNDSignificant operational turnaround; further improvements to come

▪ Total production 1.24Mt at 5.7g/t, a 31% decrease in

grade YoY

▪ Production from stoping, 739kt at 6.5g/t

▪ Ore from development 504kt at 4.5g/t

▪ ~60:40 stoping: development split

▪ Good equipment utilisation rates

▪ Spare LHDR arriving on site

2018 UNDERGROUND

0.0

2.0

4.0

6.0

8.0

10.0

12.0

0

50

100

150

200

250

300

350

Development Ore Stoping Ore Total UG Grade Mined (ex Cleo)

2.00

3.00

4.00

5.00

6.00

7.00

8.00

9.00

10.00

11.00

12.00

Q12015

Q22015

Q32015

Q42015

Q12016

Q22016

Q32016

Q42016

Q12017

Q22017

Q32017

Q42017

Q12018

Q22018

Q32018

Q42018

Stoping Grade Development Grade Total UG Grade Mined (ex Cleo)

TOTAL DEVELOPMENT METRES (MINERALISED + WASTE)

44

UNDERGROUNDAmun 680 Level Stoping

Plan View of the Amun 680 level showing the active stope on the eastern side of the Porphyry.

Section view 10365mN +/-2.5m of the Amun 680N4 stope shape near the eastern contact.

GEOLOGY: The active stope on the Amun 680 level is currently on the eastern side of the porphyry. In the 680 level, we will also see the stope extraction of the high-grade quartz vein on the western meta-sediment contact.

45

GEOLOGY: The P645E3 and P645W2

drives are developing adjacent to the

eastern contact of the Sukari

Porphyry. The stockwork mineralised

zone inside the porphyry is up to

20m wide and consists of gently east

and gently west dipping quartz veins

stacked in a steeply West Dipping ore

shoot.

The Ptah Eastern Stockworks Zone is

a new mining area in the

Underground with development just

starting on the top section.

UNDERGROUNDPtah - 645

Plan View of the Ptah P645 level showing the active development on the eastern side of the Porphyry.

APPENDIX

47

CONTINUED FOCUS ON COST CONTROL

0.00

0.50

1.00

1.50

2.00

Q12015

Q22015

Q32015

Q42015

Q12016

Q22016

Q32016

Q42016

Q12017

Q22017

Q32017

Q42017

Q12018

Q22018

Q32018

Open Pit Mining Cost per Tonne (US$/t)

0.0

5.0

10.0

15.0

Q12015

Q22015

Q32015

Q42015

Q12016

Q22016

Q32016

Q42016

Q12017

Q22017

Q32017

Q42017

Q12018

Q22018

Q32018

Processing Cost per Tonne (US$/t)

Mine production costs of US$81.5m, up 8% QoQ

$27M

$43M

$6M

$5M

$0M

Open pit mining

Processing

Underground mining

G&A

Refinery & transport

Q3 MINE PRODUCTION COSTS (US$M)

0

10

20

30

40

50

Q12015

Q22015

Q32015

Q42015

Q12016

Q22016

Q32016

Q42016

Q12017

Q22017

Q32017

Q42017

Q12018

Q22018

Q32018

Overall Underground Cost per Tonne (US$/t)

Q3 OPERATING COSTS PER TONNE (US$/t)

Consumables 37%

38%

Contractors25%

24%

Fuel 20% 19%

Labour 9% 9%

Other 9% 10%

Q3 2018 Q2 2018

48

COST BREAKDOWN

USD 50% 51%

EGP* 26% 24%

AUD 15% 15%

Other 9% 9%

Q3 2018 Q2 2018

GROUP Cost Centers**

* EGP includes fuel costs which are linked to USD prices** Group cost centre and FX breakdown incorporates all group expenditure including capex

GROUP FX Exposure**

▪ Fuel price remained flat Q2 2018 to Q3 2018; but volume of fuel increased

▪ Solar feasibility study:

▪ Detailed tender process near completion

▪ Labour inflation: with a salary increase effective from Q4 2018

▪ Negotiated improved commercial terms for some key long term supply contracts

▪ FX and split between cost centres remained largely flat QoQ

Q3 2018 PERFORMANCE

49

Sukari Open Pit Mineral Reserve

Sukari Underground Mineral Reserve

2017 2015

Tonnes(Mt)

Grade(g/t Au)

Gold(Moz)

Tonnes(Mt)

Grade(g/t Au)

Gold(Moz)

Proven 159 1.02 5.2 130 1.11 4.6

Probable 70 0.80 1.8 99 1.07 3.4

Stockpile 10 0.52 0.2 21 0.42 0.3

Total 239 0.93 7.2 250 1.03 8.3

• The effective date of the reserve and resource statement is 30 June 2017 or 30 June 2015 as relevant• Totals may not equal the sum of the components due to rounding adjustments• Based on mined surface as at 30 June 2017 and a gold price of US$1,300 per ounce

• The effective date of the reserve and resource statement is 30 June 2017 or 30 June 2015 as relevant• Totals may not equal the sum of the components due to rounding adjustments• Based on underground mine workings as at 30 June 2017• Long Hole Stopes for reserves estimation are designed using a 3.0g/t elevated cut-off and mining dilution applied at 15% @ 0.4g/t as all stopes are located in mineralised porphyry and 10% mining loss is then assumed to allow for stope bridges and materi al left in stopes after mining.

For shallow-dipping long hole stopes a 50% mining loss has been assumed• Room and Pillar Stopes for reserves estimation are designed using a 3.0g/t elevated cut-off and mining dilution applied at 10% @ 0.8g/t as all stopes are located in mineralised porphyry and 40% mining loss is then assumed to allow for non-recovered pillars and material left in stopes

after mining• Mineral Resources are reported inclusive of those resources converted to Proven and Probable Mineral Reserves

2017 2015

Tonnes(‘000 t)

Grade(g/t Au)

Gold(‘000 oz)

Tonnes(‘000 t)

Grade(g/t Au)

Gold(‘000 oz)

Proven 0.7 8.5 200 1.0 6.1 200

Probable 4.0 4.4 569 1.7 5.9 320

Sub-total 4.7 5.1 769 2.7 6.0 520

Development (Probable) 0.6 0.9 18

TOTAL 5.4 4.5 787 2.7 6.0 520

SUKARI RESERVESas at 30 June 2017

• Cut-off grades (gold): CIL oxide 0.35g/t, CIL transitional 0.35g/t, CIL sulphide 0.35g/t, Dump Leach oxide 0.2g/t• Designed underground reserves detailed below do not form part of the open pit reserve

50

Sukari Total Mineral Resource

Sukari Underground Mineral Resource (included within the total resource above)

Measured Indicated Total Measured + Indicated Inferred

Cut-off Tonnes Grade Tonnes Grade Tonnes Grade Gold Tonnes Grade Gold

g/t Au (Mt) (g/t Au) (Mt) (g/t Au) (Mt) (g/t Au) (Moz) (Mt) (g/t Au) (Moz)

0.3 240 1.02 145 0.84 385 0.95 11.75 25 0.80 0.64

0.4 199 1.15 114 0.97 313 1.09 10.95 19 0.90 0.58

0.5 167 1.29 92 1.10 259 1.22 10.17 15 1.1 0.52

0.7 121 1.55 62 1.34 183 1.48 8.72 10 1.3 0.43

1.0 80 1.92 36 1.70 116 1.85 6.90 6 1.7 0.31

• The effective date of the reserve and resource statement is 30 June 2017• Totals may not equal the sum of the components due to rounding adjustments• The Mineral Resource estimate is based on the open pit mined surface as at 30 June 2017 and adjusted for underground mine workings as at 30 June 2017• All available assays as at 30 June 2017• Resource data set comprises 311,419 two metre down hole composites and surface rock chip samples• Mineral Resources are reported inclusive of those resources converted to Proven and Probable Mineral Reserves• The resources are estimates of recoverable tonnes and grades using Multiple Indicator Kriging with block support correction• Measured Resources lie in areas where drilling is available at a nominal 25 x 25 metre spacing, Indicated resources occur in areas drilled at approximately 25 x 50 metre spacing and Inferred resources exist in areas of broader spaced drilling.• The resource model extends from 9700mN to 12200mN and to a maximum depth of 0mRL (a maximum depth of approximately 1,000 metres below wadi level)

2017 2015

Tonnes(‘000 t)

Grade(g/t Au)

Gold(‘000 oz)

Tonnes(‘000 t)

Grade(g/t Au)

Gold(‘000 oz)

Measured 1,947 8.9 554 1,850 6.5 390Indicated 5,492 6.0 1,065 2,820 7.0 630Total M&I 7,439 6.8 1,619 4,670 6.8 1,020Inferred 6,711 4.5 976 6,970 5.6 1,240

• The effective date of the reserve and resource statement is 30 June 2017 or 30 June 2015 as relevant• Totals may not equal the sum of the components due to rounding adjustments• The Mineral Resource is reported above 2g/t within interpreted mineralised domains• The Mineral Resource estimate is depleted by underground mine workings as at 30 June 2017• All available information has been used including mapping from underground mining and assays as at 30 June 2017• Available resource data resulted in 41,277 one metre down hole composites used for grade estimation

• The Mineral Resources were estimated utilising a single Indicator weighted Kriging method (IK) to estimate gold for each of the mineralisation domains

SUKARI RESOURCESas at 30 June 2017

• Measured Mineral Resources are defined by a drill spacing of at least 20m x 20m and confined to the interpreted mineralisation defined by underground mine development. Indicated Mineral Resources are defined as areas outside the Measured Mineral Resource and defined by approximately 20m x 20m drill spacing. Inferred Mineral Resources include all remaining estimated mineralisation defined by a drill spacing of approximately 50m x 50m

• Mineral Resources are reported inclusive of those resources converted to Proven and Probable Mineral Reserves.

• The underground resource is located within the boundaries of the total resource, and is included within that total

Contact:Alexandra Carse

Investor Relations

+44 7700 713 738

alexandra.carse@centamin.je

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