Irish Life & Permanent PLC

RE: Irish Life & Permanent Plc
    USD 600,000,000.00
    MATURING: 25/May/2010
    ISSUE DATE: 25/May/2005
    ISIN: XS0219772257

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
27/Feb/2006 TO 25/May/2006 HAS BEEN FIXED AT 4.925000 PCT.

DAY BASIS 87/360

INTEREST PAYABLE VALUE 25/May/2006 WILL AMOUNT TO
USD 11.90 PER USD 1,000.00 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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