Response to Share Offer Allocation

CELTIC PLC 15 October 1999 CELTIC PLC RESPONSE TO SHARE OFFER ALLOCATION Celtic plc ('Celtic' or 'the Club') welcomes the announcement regarding the basis of allocation in respect of the Placing and Offer for Sale by Fergus McCann of his Ordinary Shares. Celtic is delighted with the level of applications that has been received, by both Celtic supporters and institutions, to participate in the ownership of the Club. Celtic now has strong support and ownership from its supporter base and the City. The level of demand for the Offer for Sale from qualifying shareholders, season ticket holders, qualifying players and staff and other applicants was 7,525,880 Ordinary Shares at 280p per share, representing 75.28% take-up. The remaining 2,471,848 shares will be placed with institutional and other underwriters. Under the Placing 4,402,272 Ordinary Shares were firm placed with institutional and other investors. Celtic's Ordinary Share structure is now broadly as follows: Number of Ordinary % of Ordinary Shares Shares Directors 4,406,586 15.20 Institutions 7,072,927 24.39 Private Investors 17,520,487 60.41 Commenting on the outcome of Fergus McCann's share sale, Allan MacDonald, Chief Executive of Celtic, said: 'I am delighted that so many fellow supporters have invested in the Club. This is a considerable endorsement of the direction the Club is proceeding in, as well as a statement of confidence that the City and supporter investors have in the management of the Club. 'We thank Fergus for his contribution to the Club and wish him well for the future. He will always receive a warm welcome at Celtic Park.' BMRB, leading market researchers, were commissioned to research local sentiment in advance of the offer. A spokesman said: 'In conducting our research, we have never before seen a level of interest of that kind from such a passionate group of people.' For further information contact: Celtic plc Tel: 0141 551 4276 Peter McLean, PR Manager Gavin Anderson & Company Tel: 020 7457 2345 Marc Popiolek Luisa Winnett