Irish Life & Permanent PLC

RE: IRISH LIFE & PERMANENT PLC
    EUR 500,000,000.00
    MATURING: 25/Apr/2008
    ISSUE DATE: 25/Apr/2003
    ISIN: XS0167098838

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
25/Jan/2006 TO 25/Apr/2006 HAS BEEN FIXED AT 2.649000 PCT.

DAY BASIS 90/360

INTEREST PAYABLE VALUE 25/Apr/2006 WILL AMOUNT TO 
EUR 66.23 PER EUR 10,000.00 DENOMINATION.
EUR 662.25 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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