Response to Share Offer Allocation

CELTIC PLC
15 October 1999


                                  CELTIC PLC
                      RESPONSE TO SHARE OFFER ALLOCATION

Celtic plc ('Celtic' or 'the Club') welcomes the announcement regarding the
basis of allocation in respect of the Placing and Offer for Sale by Fergus
McCann of his Ordinary Shares.

Celtic is delighted with the level of applications that has been received, by
both Celtic supporters and institutions, to participate in the ownership of
the Club.  Celtic now has strong support and ownership from its supporter base
and the City.

The level of demand for the Offer for Sale from qualifying shareholders,
season ticket holders, qualifying players and staff and other applicants was
7,525,880 Ordinary Shares at 280p per share, representing 75.28% take-up.  The
remaining 2,471,848 shares will be placed with institutional and other
underwriters.  Under the Placing 4,402,272 Ordinary Shares were firm placed
with institutional and other investors.

Celtic's Ordinary Share structure is now broadly as follows:

                   Number of Ordinary       % of Ordinary
                               Shares              Shares
Directors                   4,406,586               15.20
Institutions                7,072,927               24.39
Private Investors          17,520,487               60.41



Commenting on the outcome of Fergus McCann's share sale, Allan MacDonald,
Chief Executive of Celtic, said:

'I am delighted that so many fellow supporters have invested in the Club.
This is a considerable endorsement of the direction the Club is proceeding in,
as well as a statement of confidence that the City and supporter investors
have in the management of the Club.

'We thank Fergus for his contribution to the Club and wish him well for the
future.  He will always receive a warm welcome at Celtic Park.'

BMRB, leading market researchers, were commissioned to research local
sentiment in advance of the offer.  A spokesman said:

'In conducting our research, we have never before seen a level of interest of
that kind from such a passionate group of people.'
                                       


For further information contact:

Celtic plc                                   Tel: [phone]
Peter McLean, PR Manager

Gavin Anderson & Company                     Tel: [phone]
Marc Popiolek
Luisa Winnett