Result of Placing and Offer for Sale

CELTIC PLC
15 October 1999

                   Result of the Placing and Offer for Sale
              by Williams de Broe Plc on behalf of Fergus McCann
                  of 14,400,000 Ordinary Shares in Celtic plc
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Fergus McCann announces that in respect of the Offer for Sale of 9,997,728
Ordinary Shares by Williams de Broe on behalf of Fergus McCann announced on
20th September 1999, valid acceptances have been received for 7,525,880
Ordinary Shares, representing approximately 75.28 per cent. of the Ordinary
Shares the subject of the Offer for Sale.

Sub-underwriters will be required to purchase the balance of 2,471,848
Ordinary Shares for which valid acceptances were not received.

In addition, Williams de Broe Plc, on behalf of Fergus McCann, has procured
placees for 4,402,272 Ordinary Shares under the Placing and the Placing has
become unconditional.

In respect of the 14,400,000 Ordinary Shares, the subject of the Placing and
Offer for Sale, definitive share certificates are expected to be issued, or
CREST accounts credited, by 22nd October 1999.

Fergus McCann said 'I am very pleased with the response to the offer of my
shares from Celtic supporters and from investors in general.  The club now has
what I believe is an ideal mix within its 16,500 shareholders.'

Enquiries:

Barkers Communications (PR advisers to Fergus McCann)
Robert Bain                   Tel:  [phone]

Williams de Broe Plc (Financial Adviser to Fergus McCann)
Garry Levin                   Tel:  [phone]
Tim Worlledge


Terms defined in the Circular dated 20th September 1999 and issued by Williams
de Broe Plc on behalf of Fergus McCann have the same meaning in this press
release unless the context otherwise requires.

Williams de Broe Plc, which is regulated in the United Kingdom by The
Securities and Futures Authority, is acting as financial adviser to Fergus
McCann in relation to the Placing and Offer for Sale and no other person and,
accordingly, will not be responsible to any other person for providing the
protections afforded to its customers or advising any other person on the
Placing and Offer for Sale.


15th October 1999