Holding(s) in Company

Celtic Resources Holdings PLC
23 October 2003



      Celtic Resources Holdings plc ("Celtic Resources" or the "Company")

                            Substantial shareholding
                                        
The Company was notified on 21 October 2003 that Deutsche Bank AG and its 
subsidiary companies hold 5,387,744 ordinary shares in Celtic Resources which
represents 16.3 per cent. of its total issued ordinary share capital.


Deutsche Bank AG London Branch holds 3,937,744 shares and 1,450,000 shares are
now held by other Deutsche Bank group companies in customer portfolio, as
follows:

Holder                                                         No. of shares
                                                                        held

Deutsche Investment Management Americas Co                         1,300,000
DWS Investment GmbH                                                  150,000







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