Irish Life & Permanent PLC

RE: IRISH LIFE & PERMANENT PLC
    EUR 10,000,000.00
    MATURING: 21-Mar-2023
    ISSUE DATE: 21-Mar-2003
    ISIN: XS0165027664

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
21-Mar-2005 TO 21-Mar-2006 HAS BEEN FIXED AT 4.196880 PCT.

DAY BASIS 360/360

INTEREST PAYABLE VALUE 21-Mar-2006 WILL AMOUNT TO
EUR 4,196.88 PER  EUR 100,000.00 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 020 7508 3858/3855 OR FAX: 44 020 7508 3881.
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