Director Shareholding

Celtic Resources Holdings PLC
06 November 2003



                 Celtic Resources Holdings plc (the "Company")

                 Additional Listing and allotments to directors


Application has been made for 1,140,318 new ordinary shares of Euro 0.25 each to
be admitted to trading on the Alternative Investment Market of the London Stock
Exchange. These shares are being issued in exchange for cash bonuses due under
certain directors' service contracts, to the Trustees of the Celtic Resources
Holdings Employee Benefit Trust No2, and for fees to consultants at prices of
US$6.03 and £3.18 per share.


These allotments include 100,000 shares due to Mr Foo and 60,000 shares due to
Mr Palmer, both directors of the Company, at £3.18 each being the application of
cash bonuses paid under the terms of their contracts on condition that these be
applied towards the subscription for shares.


The issue to Mr Foo increases his holding to 2,747,756 ordinary shares, being
8.03% of the issued share capital of the company. Mr Foo also holds warrants
over 250,000 shares exercisable at £Stg1.563 per share before 21 September 2004,
over 6,038 shares exercisable at £Stg1.10 per share before 31 December 2003 and
over 312 shares exercisable at £Stg2 per share before 31 December 2004.


Mr Palmer's entitlement goes, at his direction, to The Gallagher Partnership LLP
where he is a partner. This issue increases his holding to 206,901 ordinary
shares being 0.6% of the issued share capital of the company. Mr Palmer also
holds warrants over 3,546 shares exercisable at £Stg1.10 per share before 31
December 2003 and over 2,812 shares exercisable at £Stg2.00 before 31 December
2004

In common with the other directors Messrs Foo and Palmer agreed when the Company
was admitted to trading on AIM to certain restrictions on disposal shares during
the six months ending on 13 April 2004.


These shares will rank pari passu with existing ordinary shares and dealings are
expected to commence in the new ordinary shares at 8.00am on 12 November 2003.






                      This information is provided by RNS
            The company news service from the London Stock Exchange