Irish Life & Permanent PLC

RE: IRISH LIFE & PERMANENT PLC
    GBP 2,000,000.00
    MATURING: 14-Feb-2007
    ISSUE DATE: 14-Feb-2002
    ISIN: XS0143127065

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
14-Nov-2003 TO 16-Feb-2004 HAS BEEN FIXED AT 3.976880 PCT

INTEREST PAYABLE VALUE 16-Feb-2004 WILL AMOUNT TO:
GBP 10.24 PER GBP 1,000.00 DENOMINATION

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 20 7508 3857/3855 OR FAX: 44 20 7508 3881