Irish Life & Permanent PLC

RE: IRISH LIFE AND 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/Mar/2006 TO 05/Jun/2006 HAS BEEN FIXED AT 4.710940 PCT.

DAY BASIS 94/365

INTEREST PAYABLE VALUE 05/Jun/2006 WILL AMOUNT TO
GBP 121.32 PER GBP 10,000.00 DENOMINATION.
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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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