Holding(s) in Company

Celtic Resources Holdings PLC
13 October 2003


                 Celtic Resources Holdings plc (the "Company")

                            Substantial shareholding

The Company was notified on 6 October 2003 by GNI Limited that, as at close of
business 6 October 2003, they held 1,341,700 ordinary shares which represents
4.06 per cent. of the total issued ordinary share capital of the Company.

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