Irish Life & Permanent PLC

RE: IRISH LIFE & PERMANENT PLC
    EUR 500,000,000.00
    MATURING: 27/Mar/2006
    ISSUE DATE: 27/Mar/2001
    ISIN: XS0126505402

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
27/Jun/2005 TO 27/Sep/2005 HAS BEEN FIXED AT 2.252000 PCT

DAY BASIS 92/360

INTEREST PAYABLE VALUE 27/Sep/2005 WILL AMOUNT TO:
EUR 57.55 PER EUR 10,000.00 DENOMINATION
EUR 575.51 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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