IPM Irish Life&P.Gp

    Irish Life & Permanent PLC

RE: IRISH LIFE & PERMANENT PLC
EUR 500,000,000.00
MATURING: 27-Mar-2006
ISSUE DATE: 27-Mar-2001
ISIN: XS0126505402

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
28-Jun-2004 TO 27-Sep-2004 HAS BEEN FIXED AT 2.272000 PCT

DAY BASIS 91/360

INTEREST PAYABLE VALUE 27-Sep-2004 WILL AMOUNT TO:
EUR 57.43 PER EUR 10,000.00 DENOMINATION
EUR 574.31 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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