Holding(s) in Company

Celtic Resources Holdings PLC
13 May 2003


                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES



1)    Name of company
Celtic Resources Holdings Plc


2)    Name of shareholder having a major interest
RAB Capital

3)    Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a
non-beneficial interest or in the case of an individual holder if it is a
holding of that person's spouse or children under the age of 18
As above

4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them
RAB Europe Fund


5) Number of shares/amount of stock acquired
100,000


6)              Percentage of issued class
0.33%


Number of shares/amount of stock disposed
790,000




7)                Percentage of issued class
2.62%


8)                Class of security
Ordinary shares of €0.25 each


9)                Date of transaction
Trades on various dates from 7 March - 12 May 2003


10)            Date company informed
12 May 2003

11)            Total holding following this notification
1,520,000



12)          Total percentage holding of issued class following this
notification
5.03%

14)        Any additional information



15)        Name of contact and telephone number for queries
Joe Nally, Williams de Broe Plc, 020 7588 7511


16)        Name and signature of authorised company official responsible for
making this notification
Joan Bingley

Date of notification 13 May 2003








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