Directors' Dealings

CELTIC PLC
22 October 1999


Schedule 11 - Notification of interests of Directors and Connected Persons

1   Name of company:
Celtic Plc

2   Name of director:
E.J. Riley

3   Please state whether notification indicates that it is in respect of     
holding of the director named in 2 above or holding of that person's spouse or
children under the age of 18 or in respect of a non- beneficial interest:
See 2

4   Name of registered holder(s) and, if more than one holder, the number of 
shares held by each of them (if notified):
-

5   Please state whether notification relates to a person(s) connected with  
the director named in 2 above and identify the connected person(s):
See 2

6   Please state the nature of the transaction. For PEP transactions please  
indicate whether general/single co PEP and if discretionary/non discretionary:
Market sale pursuant to option exercise

7   Number of shares/amount of stock acquired:
-

8   Percentage of issued class:
-

9   Number of shares/amount of stock disposed:
125,000

10  Percentage of issued class:
0.43%

11  Class of security:
Ordinary 1p

12  Price per share:
295p

13  Date of transaction:
22 October 1999

14  Date company informed:
22 October 1999

15  Total holding following this notification:
5,000 ordinary 1p (+ 5,000 Preference 60p)

16  Total percentage holding of issued class following this notification:
0.02% ordinary + 0.03%

If a director has been granted options by the company, please complete the
following fields:

17  Date of grant:
-

18  Period during which or date on which exercisable:
-

19  Total amount paid (if any) for grant of the option:
-

20  Description of shares or debentures involved: class, number:
-

21  Exercise price (if fixed at time of grant) or indication that price is to
be fixed at time of exercise:
-

22  Total number of shares or debentures over which options held following
this notification:
-

23  Contact name for queries:
Marc Popioleki

24  Contact telephone number:
0171 457 2345

25  Name of company official responsible for making notification:
Richard Johnson


Additional Information: