Irish Life & Permanent PLC

RE: IRISH LIFE & 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-Jun-2004 TO 03-Sep-2004 HAS BEEN FIXED AT 4.833750 PCT

DAY BASIS 92/365

INTEREST PAYABLE VALUE 03-Sep-2004 WILL AMOUNT TO:
GBP 121.84 PER GBP 10,000.00 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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