SOURCE: Centamin plc

April 24, 2014 02:27 ET

Centamin PLC: Market Update

PERTH, AUSTRALIA--(Marketwired - Apr 24, 2014) - Centamin PLC (LSE: CEY) (TSX: CEE)

For immediate release 24 April 2014

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

Market Update - Concession Agreement Court Case - New Investment Law

Centamin notes that a new law, numbered 32 of 2014, came into effect in Egypt yesterday. The Company understands, based on legal advice, that the new law will restrict the capacity for third parties to challenge any contractual agreement between the Egyptian government and an investor. Furthermore, the new law appears to cover all currently pending lawsuits and challenges.

Centamin continues to discuss with its advisers the process by which the original claim in relation to the Sukari Concession Agreement, which was brought by a third party and is subject to an ongoing court appeal, may be dismissed under the provisions of this new law.

For more information please contact:

Centamin plc Buchanan
Josef El-Raghy, Chairman Bobby Morse
Andy Davidson, Head of Business Development and Gordon Poole
Investor Relations  
(andy.davidson@centamin.je) Gabriella Clinkard
+44 (0) 1534 828708 + 44 (0)20 74665000

This information is provided by RNS
The company news service from the London Stock Exchange

END

Contact Information