Significant shareholder

Celtic Resources Holdings PLC
23 February 2006



                          Celtic Resources Holdings plc
                      ("Celtic Resources" or "the Company")
                                        
                            Significant shareholding
                                        
The Company was notified on 22 February 2006 that Deutsche Bank AG and its 
subsidiary companies hold 6,117,929 ordinary shares in Celtic Resources which 
represents 13.46 per cent. of its total issued ordinary share capital.


Deutsche Bank AG London Branch holds 293,010 shares and 5,824,919 shares are now
held by other Deutsche Bank group companies in customer portfolios, as follows:

Holder                                                        No. of shares held

Deutsche Investment Management Americas Co                         1,235,000
DWS Investment S.A, Luxembourg                                     3,989,919
Deutsche Asset Management (Japan) Limited                            600,000







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