Additional Listing

Celtic Resources Holdings PLC
19 September 2003



                 Celtic Resources Holdings Plc (the "Company")


                 Additional listing and allotments to directors



Application has been made for 510,487 new ordinary shares of Euro 0.25 each to
be admitted to trading on the Alternative Investment Market of the London Stock
Exchange. These shares are being issued in settlement of amounts due to staff,
consultants and advisers under the staff incentive scheme and for remuneration
and fees at prices ranging from £Stg1.30 to £Stg3.76 per share.


These allotments include payments to certain directors, whose interests in the
company are thereby increased. Mr Foo has acquired 50,000 shares and Messrs
McDermott and Nesbitt have acquired 10,000 shares each being the application of
cash bonuses paid on condition that these be applied towards the subscription
for shares at £1.60 each, being the price the shares were valued when the
remuneration committee approved the staff incentive scheme allocations, but
which are only now being implemented because of the constraints on issuing
shares during close periods. Messrs Foo, McDermott and Nesbitt, in common with
the other directors, have agreed (save in limited circumstances) not to dispose
of any of their respective interests in ordinary shares of the Company held at
the time of Admission or issued pursuant to rights already held for one year
from 14 October 2002, being the date of Admission to trading on AIM and have
agreed to certain restrictions on disposal for the following six months. Mr Foo
now holds 2,647,756 ordinary shares, being 8.01% of the issued share capital of
the company. Mr Foo also holds warrants over 250,000 shares exercisable at
£Stg1.563 per share before 21 September 2004, over 6,038 shares exercisable at
£Stg1.10 per share before 31 December 2003 and over 312 shares exercisable at
£Stg2 per share exercisable before 31 December 2004. Mr McDermott now holds
1,190,470 ordinary shares being 3.60% of the issued share capital of the
company. Mr McDermott also holds warrants over 542,735 shares exercisable at
€1.625 per share before 31 December 2003. Mr Nesbitt now holds 30,132 ordinary
shares being 0.09% of the issued share capital of the company. Mr Nesbitt also
holds options over 17,500 shares exercisable at €1.27 per share before 14
September 2005 and over 11,000 shares exercisable at €1.27 per share before 20
June 2006.


These shares will rank pari passu with existing ordinary shares and dealings are
expected to commence in the new ordinary shares at 8.00am on 25 September 2003.



Enquiries:


Kevin Foo

Celtic Resources Holdings Plc

Tel: + 44 (0) 20 7593 0001

[e-mail]


Cindy Dennis

Capital PR

Tel: + 44 (0) 781 661 7959

[e-mail]






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