RNS No 6768f
GAELIC RESOURCES PLC
30 August 1999



DISCLOSURE UNDER RULE 8.1(a), 8.1(b) and 8.3 of the 
IRISH TAKEOVER PANEL ACT, 1997 (TAKEOVER) RULES, 1997


DATE OF DISCLOSURE...30 August 1999.............

DATE OF DEALING.....27 August 1999................

DEALING IN......Gaelic Resources Plc.......(NAME OF COMPANY)

 (1)  CLASS OF SECURITIES (E.G. ORDINARY SHARES) ..Ordinary Shares...

 (2)  AMOUNT BOUGHT       AMOUNT SOLD     PRICE PER UNIT
                                  
           -                100,000          #0.0138 STG   
          
              
 (3)  RESULTANT TOTAL OF THE SAME CLASS OWNED OR CONTROLLED
      (AND PERCENTAGE OF CLASS)..2,915,606...( 0.30% )........


 (4) PARTY MAKING DISCLOSURE...J&E Davy....


 (5) EITHER  (A) NAME OF PURCHASER/VENDOR (NOTE 1)
       OR    (B) IF DEALING FOR DISCRETIONARY CLIENT(S), NAME
                 OF FUND MANAGEMENT ORGANISATION
                ...(A).....J&E Davy.........
                             
 (6) REASON FOR DISCLOSURE (NOTE 2)
     (A)  (ii) OFFEROR OR ASSOCIATE OF OFFEROR              No
         (11) OFFEREE OR ASSOCIATE OF OFFEREE               Yes

SPECIFY WHICH CATEGORY OF CATEGORIES OF ASSOCIATE ((a) TO (l) PAGE 3/4) (d).
..................................................................

IF CATEGORY (l), EXPLAIN.......N/A.....................................
............................................................................

     (B) RULE 8.3 (I.E. DISCLOSURE BECAUSE OF OWNERSHIP OR CONTROL OF 1%
         OR MORE OF THE CLASS OF RELEVANT SECURITIES DEALT IN)    No



SIGNED, FOR AND ON BEHALF OF THE PARTY NAMED IN (4) ABOVE..............
   ....................Liza Galvin....................
                                                    
 (ALSO PRINT NAME OF SIGNATORY). Liza Galvin.........


TELEPHONE AND EXTENSION NUMBER.....6148892.......

END

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