Dir S'hldg/Issue of Equity

Celtic PLC
31 August 2006


                                   CELTIC PLC
                                        
                       SCRIP DIVIDEND REINVESTMENT SCHEME
                                        
Celtic plc confirms that 164,042 new Ordinary Shares of 1p each will be issued
on 31 August 2006 in respect of mandates received from holders of Convertible
Cumulative Preference Shares ('CCP Shares') and Convertible Preferred Ordinary
Shares ('CPO Shares') participating in the Company's scrip dividend reinvestment
scheme.

The average mid market prices used under the scheme rules for calculating
entitlements under the scheme for CCP Shares and CPO Shares were 24.10p and
26.90p respectively, at the relevant record dates.

Application has been made for the new Ordinary Shares to be issued under the
scheme to be admitted to listing on AIM on 1 September 2006. the new Ordinary
Shares will rank pari passu in all respects with existing Ordinary Shares

The holdings of two of the Company's directors, Brian Quinn and Eric Riley, will
increase as a result of their participation in the scheme. Mr Quinn's holding of
Ordinary Shares will increase by 333 shares to 76,450 shares (0.09 %). Mr
Riley's holding of Ordinary Shares will increase by 2,180 shares to 74,547
shares. (0.09%)

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