Holding in Company

Celtic Resources Holdings PLC
19 July 2004



                 Celtic Resources Holdings plc (the "Company")

                            Significant shareholding

The Company was notified on 16th July 2004 by L-R Managers, LLC that it holds
2,279,000 ordinary shares which represent 6.19 per cent. of the total issued
ordinary share capital of the Company.

The shares are held as follows:

LR Global Partners, L.P                        1,557,100 shares
LR Global Fund Ltd.                            721,900 shares


                      This information is provided by RNS
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