Irish Life & Permanent PLC

RE: IRISH LIFE & PERMANENT PLC
    GBP 4,450,000.00
    MATURING: 03/Mar/2010
    ISSUE DATE: 09/Mar/2004
    ISIN: XS0188154941

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
03/Jun/2005 TO 05/Sep/2005 HAS BEEN FIXED AT 4.991560 PCT

DAY BASIS 94/365

INTEREST PAYABLE VALUE05/Sep/2005 WILL AMOUNT TO:
GBP 128.55 PER GBP 10,000.00 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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