Irish Life & Permanent PLC

RE: IRISH LIFE AND PERMANENT PLC
    EUR 150,000,000.00
    MATURING: 07/Jul/2013
    ISSUE DATE: 07/Jul/2003
    ISIN: XS0171567216

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
09/Jan/2006 TO 07/Apr/2006 HAS BEEN FIXED AT 3.190000 PCT.

DAY BASIS 88/360

INTEREST PAYABLE VALUE 07/Apr/2006 WILL AMOUNT TO
EUR 779.78 PER EUR 100,000.00 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 (0)20 7508 3858/3855 OR FAX: 44 (0)20 7508 3881.
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