Holding(s) in Company

Celtic Resources Holdings PLC
13 October 2006


                         Celtic Resources Holdings plc

                     ("Celtic Resources" or "the Company")


                            Significant Shareholding

The Company was notified on 12 October 2006 by Altima Partners LLP that two of 
the funds they manage have increased their holding to 7.12 per cent. of the 
ordinary share capital of the Company.

The above holding is registered as follows:

+-------------------------------------------------------+---------------------+
|Registered holder                                      |Number of shares held|
+-------------------------------------------------------+---------------------+
|Altima Global Special Situations Master Fund Limited   |            1,911,910|
+-------------------------------------------------------+---------------------+
|Altima Global Special Opportunities Master Fund Limited|            1,530,000|
+-------------------------------------------------------+---------------------+
|Total                                                  |            3,441,910|
+-------------------------------------------------------+---------------------+









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