Issue of Equity

CELTIC PLC

Issued share capital

As a result of the conversion of 10,800 Convertible Preferred Ordinary Shares of 100p each ("CPO Shares") in November 2010, Celtic plc's issued share capital as at 1 December 2010 was as follows:

90,091,654 Ordinary Shares of 1p each

14,003,987 Cumulative Convertible Preferred Ordinary Shares of 100p each

16,786,412 Cumulative Convertible Preference Shares of 60 p each

493,610,197 Deferred Shares of 1p each

Cumulative Convertible Preference Shares do not carry voting rights. Deferred Shares are not listed, are not transferable and carry no voting rights or substantive economic rights.

The above figures for Ordinary Shares and CPO Shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in voting rights under the FSA's Disclosure and Transparency Rules.

Application is being made for the 22,464 new Ordinary Shares of 1p each arising from these conversions of CPO Shares to be listed with effect from 17 December 2010.

Enquiries:

Robert Howat, Company Secretary 0141 551 4298