Holding(s) in Company

Celtic Resources Holdings PLC
21 September 2004



                         Celtic Resources Holdings plc
                     ("Celtic Resources" or "the Company")

                            Substantial shareholding


The Company was notified on 20th September 2004 by L-R Managers, LLC that it
holds 3,217,500 ordinary shares in Celtic Resources which represents 8.74 per
cent. of the Company's total issued ordinary share capital.

The shares are held as follows:

Holder No. of shares held

L-R Global Partners 2,073,680
L-R Global Fund Ltd. 1,143,820







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