Holding(s) in Company

Celtic Resources Holdings PLC
01 September 2004



                 Celtic Resources Holdings plc ("the Company")

                            Significant shareholding

The Company was notified on 31st August 2004 by L-R Mangers, LLC that it 
holds 2,847,500 ordinary shares which represents 7.73 per cent. of the total 
issued ordinary share capital.

The shares are held as follows:

Holder                                                      No. of shares held
LR Global Partners, L.P                                              1,943,680
LR Global Fund Ltd.                                                    903,820





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