Holding in Company

Celtic Resources Holdings PLC
23 April 2001


Celtic Resources Holdings Plc

23 April 2001

Re: Holding in Company

Notification In accordance with Section 67 of the Companies Act, 1990

Please be advised as required by S.67 of the Companies Act, 1990, that
following the placing of 10,854,700 Ordinary Shares of IR2p each of Celtic
Resources Holdings plc with Davy Nominees Limited a/c 00379547 on 11 April
2001, Davy Nominees a/c 00379547 is the registered holder of 8.9% of the
issued share capital of Celtic Resources Holdings plc.

Paula Downey

Davy Stockbrokers