Director Shareholdings etc

Celtic Resources Holdings PLC
23 July 2002







CELTIC RESOURCES HOLDINGS PLC ("Celtic Resources" or "the Company")

DIRECTORS' SHAREHOLDINGS





In compliance with the provisions of 4.10 of the Rules of the Exploration
Securities Market of the Irish Stock Exchange, Celtic Resources hereby advises
of the following changes in Directors' interests in the issued share capital of
the Company. The increased holdings set out below arise as a result of
allotments of New Ordinary Shares of nominal value €0.025 each to the Directors
on 19 July, 2002, all such allotments being within the authority granted
pursuant to Resolution No. 9 (grant of shares in lieu of remuneration and/or
fees) and Resolution No. 10 (incentivisation shares) approved at the Annual
General Meeting of the Company on 23 July, 2001:




Name of Director   Original Holding  Number of New    Price per New Increased Holding        Percentage of
                        of Ordinary       Ordinary         Ordinary       of Ordinary      Enlarged Issued
                             Shares         Shares                             Shares       Ordinary Share
                                          Allotted            Share                                Capital
                                                               Stgp
(see note 1)                                            (see note 2)

Euan Worthington            536,250        301,000     51,000 at 10           837,250                 0.37
                                                      250,000 at 20

Michael Palmer*           1,830,689         96,720     36,720 at 10         1,927,409                 0.87
                                                       60,000 at 20

Kevin Foo**              21,997,575      2,000,000               20        23,997,575                10.80
Peter Hannen***           3,396,916        350,000               20         3,746,916                 1.69
Michael Nesbitt             151,332         50,000               20           201,332                 0.09




Notes:

(1)   * 1,500,000 registered in the name of Pershing Keen Nominees Limited
        and the balance registered in the name of Gnomees Limited.

      **registered in the name of HJ Resources Limited, a company in which 
        Mr. Foo has an interest.

     ***registered in the name of Hannen and Company Limited.

(2)     New Ordinary Shares allotted at Stg10p are in accordance
with the terms of service contracts with the respective directors as previously
disclosed.



The number of warrants and options over Ordinary Shares held by each of the
Directors remains unchanged from previous notifications.



SECRETARYS' SHAREHOLDING



In addition, Joan Bingley, Company Secretary, was allotted 64,000 New Ordinary
Shares, of which 14,000 were allotted at Stg15p each and 50,000 at Stg20p each,
increasing the number of Ordinary Shares in which she is beneficially interested
to 194,000, representing 0.09% of the issued share capital of the Company.



23 July, 2002





This announcement has been issued through the Companies Announcement Service of

                           the Irish Stock Exchange.






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