Additional Listing

Celtic Resources Holdings PLC
05 January 2004

                 Celtic Resources Holdings plc (the "Company")

                               Additional Listing

Application has been made for 76,998 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:

10,638 exercised at £1.00
52,110 exercised at £1.10
14,250 exercised at £1.40

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 9 January 2004.



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