Irish Life & Permanent PLC

RE: IRISH LIFE & PERMANENT PLC                  
    EUR 10,000,000.00
    MATURING: 21/Mar/2023
    ISSUE DATE: 21/Mar/2003
    ISIN: XS0165027664

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
21/Mar/2006 TO 21/Mar/2007 HAS BEEN FIXED AT 4.056180 PCT.

DAY BASIS 360/360

INTEREST PAYABLE VALUE 21/Mar/2007 WILL AMOUNT TO
EUR 4,056.18 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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