Celtic PLC EGM Friday 21 November 2008

Some members have been inquiring about the second General Meeting which Celtic has called for this Friday 21 November 2008.in the No 7 Restaurant. We understand that the reasons for this meeting are as follows.

Three resolutions relating to the Articles of the Company and its financial dealings were notified to shareholders in the information which was sent out before the recent AGM. One of these concerning the Articles did not specify that it was a ‘special’ resolution. This was an error. According to the provisions if the Companies Act it had to be specified as ‘special’ and so this resolution could not be discussed. It was therefore necessary to discuss this resolution and the others which related to it at a later date namely this Friday 21st November.

The resolutions are related to the changes to the Companies Act the provisions of which are gradually being introduced and becoming law. The new provisions relate to:

1. giving shareholders the option of being contacted by electronic means rather than by post

2. removal of the age bar for directors. (It is now illegal to oblige directors to retire at age 70 years.)

3. ‘tidying up’ the situation regarding convertible preferred ordinary shares which ended in 2007 and now needs to be removed from the Articles.

As these are the only issues to be discussed and are routine and non-contentious the meeting is expected to be brief.