Additional Listing

Celtic Resources Holdings PLC
15 September 2003



                 Celtic Resources Holdings plc (the "Company")


                               Additional Listing



Application has been made for 1,345,915 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 following the exercise of warrants at an
exercise price of Stg£1.50 per share.


Following this exercise, Deutsche Bank AG, acting through its London Equity
Special Situations Group and funds managed by its affiliates which hitherto held
a total interest of 3,691,829 shares in Celtic, now hold 4,037,744 shares.
Together with 1,250,000 shares held by Scudder Investment Management (also a
Deutsche Bank group company) in customer portfolio the total of 5,287,744 shares
represents 16.25% of the increased share capital in issue.


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 19 September 2003.






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