Significant shareholding

Celtic Resources Holdings PLC
17 March 2006


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

                            Significant shareholding


The Company was notified on 16 March 2006 that Deutsche Bank AG and its 
subsidiary companies hold 6,237,429 ordinary shares in Celtic Resources which 
represents 13.57 per cent. of its total issued ordinary share capital.

Deutsche Bank AG London Branch holds 292,500 shares, UFGIS Trading Limited holds
10 shares and 5,944,919 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                             705,000

DWS Investment S.A, Luxembourg                                       3,689,919

Deutsche Asset Management (Japan) Limited                            1,550,000



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