Directorate Change

14 Feb 2007 09:32

Celtic Resources Holdings PLC14 February 2007 Celtic Resources Holdings Plc ("Celtic" or "the Company") Celtic confirms appointments of new directors Celtic is pleased to confirm the most recent additions to its board of directors as previously announced. Kirill Lipa (35) Kirill Lipa heads the Investment Banking Department in Aton Capital andprimarily specializes in M&A, private placements, public offerings and financialstrategy advisory. Kirill joined Aton Capital Group in February of 2002 as Headof Mergers & Acquisitions, and assumed control of the Corporate Financedepartment in March of 2003. Prior to moving to Aton Kirill was Deputy Chairmanof the Board of Olympiysky Bank, where he supervised all corporate financeactivities in 1998-2000. Kirill joined Olympiysky Bank in 1993 after earning aLaw Degree from Moscow State Law Academy. Mr. Lipa graduated magna cum laudefrom the Moscow State Law Academy in 1994. Kirill provides an important linkbetween the Russian resource business and western markets. Serdar Karliev (35) Serdar Karliev is a director in the Investment Banking Department and head ofunderwriting of Aton Capital in both Moscow and London. He is responsible forproviding mergers and acquisitions and equity capital markets solutions forRussian and CIS clients. Prior to joining Aton in 2004 he was Vice-President ofCorporate Finance at Uralsib Bank and previously worked at CreditanstaltInvestment Bank and EBRD in London. Serdar graduated with a Diploma in Economicsfrom the Turkmen Institute of National Economy. He brings extensive M&A and fundraising experience in natural resources sector to the Board. Neither Mr Lipa nor Mr Karliev has any interest in the ordinary shares of theCompany. In regard to the aforementioned appointments there are no furtherdisclosures that need to be made under Schedule Two, paragraph (g) of the AIMRules. For further information please contact: Kevin Foo / Kate Dexter Smith Leesa Peters / Laurence ReadCeltic Resources Holdings Plc Conduit PRTel: + 44 (0)20 7921 8800 Tel: +44 (0)7812 159 885 / Tel: +44(0)20 7429 6666Investors@celticresources.com leesa@conduitpr.com Frank Moxon / Simon EdwardsEvolution Securities LimitedTel: +44 (0) 20 7071 4300 This information is provided by RNS The company news service from the London Stock Exchange