RNS Number:7263I
Irish Life & Permanent PLC
13 March 2003


         SCHEDULE 11                                                                  London          STOCK EXCHANGE

                  NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

Disclosure of interest in shares or debentures and notification of dealings under the Stock Exchange Requirements.
                  1.  Name of Company                                    Irish Life & Permanent plc
                  2.  Name of Secretary                                  Sean Anthony Ryan
  3.   Please state whether notification indicates that it is in respect of holding of the Director named in 2
       above or a
    holding of that person's spouse or children under the age of 18 or in respect of a non-beneficial interest
            Sean Anthony Ryan (named in 2 above)
  4.   Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them.
       (if notified)
                  Person named in 2 above                                           43,664
                  ABN Amro Nominees (Ireland) Ltd                                   69,977
                  Goodbody Trustees Ltd                                                837
                  Norma Ryan                                                            29
                  Trustees of Profit Sharing Scheme                                  4,227
                  TSB ESOP Trustees Ltd                                          5,579,723
  5.   Please state whether notification relates to a person(s) connected with the Director named in 2 above and
       identify
    the connected person(s)
            No
  6.   Please state the nature of the transaction and the nature and extent of the Director's interest in the
       transaction
            Exercise of Option - Beneficial
                    7.  Number of shares/amount of stock acquired          42,595
                    8.  Percentage of issued class                         0.01%
                    9.  Number of shares/amount of stock disposed
                   10. Percentage of issued class.
                    11. Class of security                                  Ordinary Euro 0.32 shares
                    12. Price per share                                    Euro5.31 - Euro6.5201
                    13. Date of transaction.                               13/03/2003
                    14. Date Company informed.                             13/03/2003
                              15. Total holding following this notification          Beneficial                 118,734
                                                                                 Non-beneficial               5,579,723
                              16. Total Percentage holding of issued class following Beneficial                   0.04%
                                  this notification
                                                                    Non-beneficial                      2.07%
                   If a director has been granted options by the Company please complete the following boxes
                  17. Date of grant                                      13/03/2003
                  18. Period during which or date on which exercisable
                  19  Total amount paid (if any) for the option          Nil
                  20. Description of shares or debentures involved: class, Number
                  21. Exercise price (if fixed at time of grant) or indication
                      that price is to be fixed at time of exercise
                  22. Total number of shares or debentures over which    44,063
                        options held following this notification
                  23. Any additional information.
                  24. Name of contact and telephone number for queries.    Conor Ryan 01-8563828
                  25. Name of authorised company official responsible for  Sean A Ryan, Group Secretary
                       making this notification.
          Date of                                               13 March 2003
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