Issue of Equity

Celtic PLC
31 August 2005


                                   CELTIC PLC

                                ISSUE OF EQUITY

Further to the announcement on 22 June 2005 regarding the Scrip Dividend Scheme
Celtic plc confirms that it has applied to the UK Listing Authority and the
London Stock Exchange for 65,632 new ordinary shares to be admitted to the
Official List and to trading on the London Stock Exchange's market for listed
securities. Dealings in the new ordinary shares are expected to commence on 1
September 2005. Copies of the circular issued to shareholders in respect of the
Scrip Dividend Scheme have been submitted to the Financial Services Authority
and will shortly be available for inspection at the FSA's Document Viewing
Facility, which is situated at:

The Financial Services Authority
25 The North Colonnade
Canary Wharf
London
EH14 5HS

Press and media enquiries to:

Iain Jamieson, Celtic PR Department 0141 551 4235




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