RNS Number:6099E
Irish Life & Permanent PLC
28 October 2004

Irish Life & Permanent Plc



28 October 2004



Re: Holding in Company





A letter from Bank of Ireland Securities Services Limited dated 28 October 2004
to the Irish Stock Exchange, received by the Irish Stock Exchange on the 28
October 2004.



In Compliance with Section 91 of the Companies Act 1990, we hereby notify you
that, as at 27 October 2004, holdings on behalf of clients in our nominee name
(Bank of Ireland Nominees Limited), in the following listed companies on the
Irish Stock Exchange, have crossed the specified thresholds as laid out below.


Stock Name           Issued Share Capital  Current Holding      Current %Holding     Threshold %Crossed
IL & P Ord EUR0.32   269,488,255           67,693,432           25%                  25%



This shareholding does not represent solely the holdings of our clients, Bank of
Ireland Asset Management, who may or may not have a shareholding in the
underlying stock.



This statement is made to highlight the distinction between Bank of Ireland
Nominees Ltd and Bank of Ireland Asset Management.  There appears to have been a
misunderstanding by some institutions, investors and commentators that the Bank
of Ireland Nominees Holdings represented the BIAM Holding when this is not the
case.





Sarah MacDonald

Compliance Dept

Bank of Ireland Securities Services



This announcement has been issued through the Companies Announcement Service of

                           the Irish Stock Exchange.




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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