Irish Life & Permanent PLC

RE: IRISH LIFE + PERMANENT PLC
    EUR 150,000,000.00
    MATURING: 03-Mar-2006
    ISSUE DATE: 03-Mar-2004
    cISIN: XS0187260178
                       
PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
03-Mar-2005 TO 03-Jun-2005 HAS BEEN FIXED AT 2.196000 PCT.

DAY BASIS 92/360

INTEREST PAYABLE VALUE 03-Jun-2005 WILL AMOUNT TO:
EUR 561.20 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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