Irish Life & Permanent PLC

RE: IRISH LIFE & PERMANENT PLC
EUR 250,000,000.00
MATURING: 22-Aug-2005
ISSUE DATE: 22-Aug-2003
ISIN: XS0174942523
                       
PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
22-Feb-2005 TO 23-May-2005 HAS BEEN FIXED AT 2.185000 PCT

DAY BASIS 90/360

INTEREST PAYABLE VALUE 23-May-2005 WILL AMOUNT TO:
EUR 546.25 PER EUR 100,000.00 DENOMINATION

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 20 7508 3858/3855 OR FAX: 44 20 7508 3881
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