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Rule 8.3- Celtic Resources

19th Nov 2007 07:00

DKR Ibex Management L.P.16 November 2007 Date of Disclosure November 16, 2007 DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) and 8.3 OF THE IRISH TAKEOVER PANEL ACT, 1997, (TAKEOVER) RULES, 2001 Date of Dealing Please Refer to Table in Question 2 Dealing in (name of company) Celtic Resources Holdings Plc 1) Class of securities (e.g. ordinary shares) CFD 2) Amount bought Amount sold Price per unit 10/11/07 170,000 2.802810/12/07 100,000 2.802810/16/07 50,000 2.802810/18/07 50,000 2.802811/01/07 75,000 2.6960 3) Resultant total of the same class owned or controlled (and percentage of class) 1.57% 4) Party making disclosure DKR Ibex Management LP 5) EITHER (a) Name of purchaser/vendor (Note 1) OR (b) If dealing for discretionary client(s), name of fund management organisation DKR Ibex Management LP 6) Reason for disclosure (Note 2) (a) (i) offeror or associate of offeror (Note 3) NO (ii) offeree or associate of offeree NO Specify which category or categories of associate ((a) to (f) page 3/4) If category (f), explain (b) Rule 8.3 (i.e. disclosure because of ownership or control of 1% or more of the class of relevant securities dealt in) YES Signed, for and on behalf of the party named in (4) above DKR Ibex Management LP By _____________________________________ Barbara Burger, Authorized Signatory Telephone - 203-324-8403 This information is provided by RNS The company news service from the London Stock Exchange

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