Re Directorate

Celtic PLC
2 March 2001

                                                                  2 March 2001


                   IAN McLEOD APPOINTED NEW CHIEF EXECUTIVE


Celtic today announced the appointment of Walmart Executive  Director, Ian
McLeod (42) as the new Chief Executive of Celtic.

Brian Quinn, Celtic plc Chairman commented, 'I am very pleased to welcome Ian
McLeod to his new position as Chief Executive of Celtic.  Ian  has had
remarkable success in his career to date and possesses the ideal qualities to
drive Celtic forward.

'Ian will join Celtic from his current post as Executive Director and Chief
Merchandising Officer for Walmart in Germany.

'The personal and professional specifications the board of Celtic set for this
post were of the highest level.  We were very fortunate to find someone who
matched these expectations and whom we know will bring to the role experience
of motivational  management and extensive knowledge of the global business
market at a time when Celtic aims to fulfill its brand potential worldwide.

'I know that everyone will join me in welcoming Ian to Celtic and on behalf
of everyone at the Club, I would like to take this opportunity to say that  I
look forward to a long and fruitful relationship.

'Ian  will  join  the Celtic plc board as a director and will also  chair  the
Football  Club  Board when he takes up his appointment as Chief  Executive  in
April 2001.'

Ian McLeod, Celtic Chief Executive designate comments, 'It is a tremendous
honour to be associated with Celtic in any capacity  but I am especially
pleased to have the opportunity to represent the Club at such a promising
time.  I am in an ideal position to understand the debt of gratitude that
Celtic owes to its supporters for their faithful support as we enjoy a season
of unparalleled success on the football field. I look forward to developing a
good relationship with fans at home and abroad as we work together for
continuing success on and off the field.'
                                       
Notes to Editors:

Ian is a business studies graduate of Glasgow Caledonian University; he also
attended Harvard Business School in 1999 tostudy the Advanced Management
Programme.

Joining the Asda Group in 1981 as a Graduate Manager, Ian progressed rapidly
through the organisation's management structure, moving from  his home  in
Glasgow to the company's Head Office in Leeds in 1986.  In 2000 Ian was
promoted to Executive Board Director for Walmart, Germany and Senior  Vice-
President for Merchandise and Marketing.

A season ticket holder at Celtic Park, he attends matches regularly with his
son who lives in Glasgow.  Ian is married and currently lives in Leeds with
his wife and two children.
                                       
Enquiries:

Kate Cunningham, Public Relations Manager    Tel:        [phone]   
                                             Facsimile:  0141 554 5389
Lindsey Harrison, Gavin Anderson & Co,       Tel:        [phone] 
                                            (For London based media)

Press Conference:

You are invited to send a photographer/film crew/journalist/reporter to:

Venue:         Boardroom, Celtic Park
Day & Date:    Friday 2 March 2001
Time:          14:30hrs
Format:        New Celtic Chief Executive designate Ian McLeod will be        
               introduced to the media.