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Announcement of Approach

28th Sep 2007 07:05

Celtic Resources Holdings PLC28 September 2007 Celtic Resources Holdings Plc ("Celtic" or "the Company") Announcement of Approach The Board of Celtic announces that it has received a preliminary approach from aparty other than Severstal, which may or may not lead to an offer for theCompany. A further announcement will be made in due course, and in the meantimeshareholders are urged to take no action at this time. Contact information: Kevin Foo / Jonathan Scott-BarrettCeltic Resources Holdings PlcTel: + 44 (0)20 7921 [email protected] Anthony CardewCardew GroupTel: +44 (0)20 7930 [email protected] Leesa Peters / Jane StaceyConduit PRTel: +44 (0)20 7429 6606 / (0)792 292 [email protected] Any person who is the holder of 1 per cent. or more of any class of shares inCeltic may be required to make disclosures pursuant to Rule 8.3 of the IrishTakeover Panel Act, 1997, Takeover Rules 2001 to 2006. The Directors of Celtic accept responsibility for the information contained inthis announcement and to the best of their knowledge and belief (having takenall reasonable care to ensure that such is the case), the information containedin this announcement is in accordance with the facts and, where appropriate,does not omit anything likely to affect the import of such information. This information is provided by RNS The company news service from the London Stock Exchange

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