Irish Life & Permanent PLC

RE: IRISH LIFE & PERMANENT PLC
    GBP 100,000,000.00
    MATURING: 25-Feb-2005
    ISSUE DATE: 25-Feb-2002
    ISIN:XS0143515152

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD 
25-May-2004 TO 25-Aug-2004 HAS BEEN FIXED AT 4.683750 PCT.

DAY BASIS 92/365

INTEREST PAYABLE VALUE 25-Aug-2004 WILL AMOUNT TO 
GBP 11.81 PER GBP 1,000.00 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON TEL:
44 020 7508 3858/3855 OR FAX: 44 020 7508 3881.

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