Holding(s) in Company

Celtic Resources Holdings PLC
13 June 2002


Celtic Resources Holdings Plc


13 June 2002


Re: Holding in Company


A Letter from RAB Europe Fund Limited to Celtic Resources Holdings Plc dated the
12 June 2002, received by Celtic Resources Holdings on the 12 June 2002.


Celtic Resources Holdings Plc (the "Company")


In fulfillment of the obligations imposed by Section 67 to 71 of, and otherwise
by, Chapter 2 of Part IV of the Companies Act, 1990, RAB Europe Fund Limited
hereby gives notice of the subsistence of its interest in 21,000,000 ordinary
shares of €0.025 each in the capital of the Company.  These shares are
registered in the name of RAB Europe Fund Limited.


Please record the above particulars in the register maintained by you for the
purpose of Sections 67 to 71 of the Companies Act, 1990, as required by Section
80 of the Companies Act, 1990.



For and on behalf of
RAB Europe Fund Limited


This announcement has been issued through the Companies Announcement Service of
                           the Irish Stock Exchange.


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