Rule 2.10 Announcement

Celtic Resources Holdings PLC
12 September 2006


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

                              Rule 2.10 disclosure

In accordance with Rule 2.10 of The City Code on Takeovers and Mergers, Celtic
Resources confirms that it has following relevant securities in issue;

   • 48,364,976 ordinary shares of €0.25 each traded under ISIN IE0031880887;

   • 9,584 unlisted warrants to subscribe for ordinary shares at a price of
     £1.10 per share

   • 542,735 unlisted warrants to subscribe for ordinary shares at a price of
     €1.625 per share

   • 300,000 warrants to subscribe for ordinary shares at a price of £1.563
     per share

   • 12,187 warrants to subscribe for ordinary shares at a price of £2.00 per
     share

   • 2,766,143 warrants to subscribe for ordinary shares at a price of $7.562
     per share; and

   • 2,841,910 warrants to subscribe for ordinary shares at a price of £2.50
     per share

For further information, please contact:

Enquiries

Celtic Resources plc
Michael Palmer
Director                          [phone]

Evolution Securities Limited
Simon Edwards                     [phone]


12 September 2006





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            The company news service from the London Stock Exchange