Holding(s) in Company

Celtic Resources Holdings PLC
26 February 2002


Celtic Resources Holdings Plc

26 February 2002


A Letter from Capita Trustee Services to Celtic Resources Holdings Plc dated
11th February 2002, received by Celtic Resources Holdings Plc on the 26th
February 2002.

Re: Holding in Company

Disclosure of sale on holding exceeding 3%

I our role as administrators we write to advise you that the Resources
Investment Trust Plc (registered in England and Wales with the registered number
4221682) has sold 500,000 ordinary shares in Celtic Resources Plc on January
7th, 2002.

We believe this reduces the Resources Investment Trust's share holding in your
company by such an amount as to change the % held from 13.17% to 12.72% and as
such requires us to notify you of this fact.



David Stokes

Capita Trustee Services


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