Irish Life & Permanent PLC

RE: IRISH LIFE & PERMANENT PLC
    USD 17,649,000.00
    MATURING: 06/Sep/2005
    ISSUE DATE: 04/Sep/2001
    ISIN: XS0135158243

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
06/Jun/2005 TO 06/Sep/2005 HAS BEEN FIXED AT 3.390000 PCT

DAY BASIS 92/360

INTEREST PAYABLE VALUE 06/Sep/2005 WILL AMOUNT TO:
USD 8.66 PER USD 1,000.00 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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