The following errata for CentOS-2 have been built and uploaded to the centos mirror:
RHSA-2007:0513-01 Moderate: gimp security update
Files available: gimp-1.2.1-7.8.el2_1.i386.rpm gimp-devel-1.2.1-7.8.el2_1.i386.rpm gimp-perl-1.2.1-7.8.el2_1.i386.rpm
More details are available from the RedHat web site at https://rhn.redhat.com/errata/rh21as-errata.html
The easy way to make sure you are up to date with all the latest patches is to run: # yum update