Additional Listing

Celtic Resources Holdings PLC
22 July 2004



                 Celtic Resources Holdings plc ("the Company")

                               Additional listing

Application has been made for 17,261 new ordinary shares of €0.25 each to be
admitted to trading on the Alternative Investment Market of the London Stock
Exchange. These shares are being issued by the Company in settlement of an
amount due to staff, consultants and advisers for fees, according to the terms
of their agreements, at a price of £Stg 3.99 per share, being the closing price
on 30 June 2004.


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 28th July 2004.



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