MAP MG Capital

RNS Number:8749M
MG Capital PLC
28 November 2006

                                 MG Capital plc

                               Loan from director

Peter Hannen has lent an aggregate of #186,000 to the Company. Of this amount,
#120,000 is unsecured and the balance is secured on 40,000 ordinary shares in
Celtic Resources plc which are held by the Company. The loans carry interest at
an annual rate of 6 per cent. The loans are repayable on receipt of one month's
notice from the lender.

The directors of the Company, with the exception of Peter Hannen, consider,
having consulted with the Company's Nominated Adviser, that the terms of the
transaction are fair and reasonable insofar as the Company's shareholders are
concerned.

28 November 2006

Enquiries

MG Capital plc                       Charles Fowler      020 7332 2040
Nabarro Wells & Co. Limited          Hugh Oram           020 7710 7400


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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