Result of E.G.M.

Celtic Resources Holdings PLC 17 October 2000 Re: Result of Extraordinary General Meeting Celtic announces that all of the resolutions set out in the Notice of Extraordinary General Meeting, contained in the ESM Particulars dated 25 September, 2000, have been passed at the Extraordinary General Meeting held today, 17 October, 2000. These approvals will facilitate, inter alia, the issue of 18,297,594 Ordinary Shares of nominal value IR2p each, and 7,246,498 Warrants, pursuant to the arrangements described in the ESM Particulars referred to above.