Additional Listing

Celtic Resources Holdings PLC
22 December 2005


                         Celtic Resources Holdings plc
                                ("the Company")

                  Additional listing and allotments to directors


Application has been made for 672,310 new ordinary shares of Euro 0.25 each to
be admitted to trading on the AIM Market of the London Stock Exchange plc. These
shares are being issued in settlement of amounts due to staff under the staff
incentive scheme at £Stg1.74 per share.

These allotments include payments to certain directors, whose interests in the
company are thereby increased. Mr Foo has acquired 75,000 shares, Mr Worthington
has acquired 40,000 shares and Messrs McDermott and Nesbitt have acquired 26,000
shares, each being the application of cash bonuses paid on condition that these
be applied towards the subscription for shares at £Stg1.74 each, being the price
when the remuneration committee approved the staff incentive scheme allocations.

Mr Foo now holds 2,922,756 ordinary shares, being 6.43% of the issued share
capital of the company. Mr Foo also holds warrants over 250,000 shares
exercisable at £Stg1.563 per share, over 6,038 shares exercisable at £Stg1.10
per share and over 312 shares exercisable at £Stg2 per share.

Mr Worthington now holds 123,725 ordinary shares, being 0.27% of the issued
share capital of the company. Mr Worthington also holds warrants over 4,687
shares exercisable at £Stg2 per share. Mr McDermott now holds 1,216,470 ordinary
shares being 2.68% of the issued share capital of the company. Mr McDermott also
holds warrants over 542,735 shares exercisable at €1.625 per share. Mr Nesbitt
now holds 56,132 ordinary shares being 0.12% of the issued share capital of the
company. Mr Nesbitt also holds options over 17,500 shares exercisable at €1.27
per share and over 11,000 shares exercisable at €1.27 per share.

As a result of this share issue, the Celtic Resources Holdings Plc Employee
Benefit Trust No 2 now holds 2,047,000 shares, being 4.50% of the issued share
capital of the company.

These shares will rank pari passu with existing ordinary shares and dealings are
expected to commence in the new ordinary shares at 8.00 a.m. on Tuesday, 3rd
January 2006.



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