Rule 8.1/8.3 Celtic Resources

Celtic Resources Holdings PLC
27 September 2007







                                Disclosure Forms






                FORM 8.1/8.3

IRISH TAKEOVER PANEL



Lodge with the Stock Exchange (which may publicise) and with the Panel.

Use separate form for each class of securities in which dealings have been made.




                                                                           Date
of disclosure...27 Sept 2007



DISCLOSURE UNDER RULE 8.1(a), 8.1(b)(i) and 8.3 OF THE IRISH TAKEOVER PANEL ACT,
1997, TAKEOVER RULES, 2001



Date  of Dealing:                        20 September 2007



Dealing in (name of company):    Celtic Resources Holdings plc



(1)        Class of securities (e.g. ordinary shares):   ordinary shares



(2)


           Amount bought                       Amount sold                       Price per unit


                 -                              2,586,556                           2.32 GBP







(3)        Resultant total of the same class owned or controlled

            (and percentage of class)..........................................
.....................(     %)



(4)        Party making disclosure.............................................
...............................



(5)        EITHER (a)        Name of purchaser/vendor - East Guardian
Opportunities Fund

            OR                   (b)        If dealing for discretionary client
(s), name of fund

                                                management organisation



..............................................................................
..............................



(6)        Reason for disclosure (Note 2)

            (a)        (i) offeror or associate of offeror (Note 3)
                              YES

            (b)        (ii) offeree or associate of offeree
                                NO



            Specify which category or categories of associate ((a) to (l) page 3
/4)).............



            If category (l), explain..........................................
....................................



            (b)        Rule 8.3 (i.e. disclosure because of ownership or control
of 1% or more

                        the class of relevant securities dealt in)
                            YES

Signed, for and on behalf of the party named in (4) above.....................
..........

Director of East Guardian SPC

For for the account of East Guardian Opportunities Fund

(Also print name of signatory)      Gerd Jakob

Telephone and extension number................................................
............











This announcement has been issued through the Companies Announcement Service of

                           The Irish Stock Exchange.












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