Scrip Dividend

Celtic PLC
31 August 2007

                                        
                                   CELTIC PLC

                       SCRIP DIVIDEND REINVESTMENT SCHEME

                                 31 August 2007

Celtic plc confirms that 129,038 new Ordinary Shares of 1p each will be issued
on 31 August 2007 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 60.475p and
58.45p 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 3 September 2007. 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 2,981 shares to 113,176 shares (0.14%). Mr
Riley's holding of Ordinary Shares will increase by 1,294 shares to 75,841
shares. (0.09%)

Contacts:

Eric Riley (Financial Director)             0141 551 4298
Tom O'Neill (Financial Controller)          0141 551 4207

John Depasquale - Seymour Pierce Limited    020 7107 8000



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