Egypt’s President Hosni Mubarak has said he will not stand for re-election in September, as protests against his regime continue.

In a live televised speech on 1 February, Mubarak said he would stand down when the country goes to the polls later this year.

“My first priority is to restore peace and stability in our country, to ensure the peaceful transition of leadership, and to ensure that the responsibility goes to whomever the people of Egypt choose in the next election. I do not intend to stand for election again,” said Mubarak in the televised address.

Opposition leader Mohamed el- Baradei has criticised Mubarak’s announcement as “a trick” to remain in power, reports US news channel CNN.

El-Baradei said that protesters felt that Mubarak should step down and “leave the country” by 4 February at the latest.

The UN has said that about 300 people have been killed since the protests against Mubarak’s rule began on 25 January.