Irish Life & Permanent PLC

RE: IRISH LIFE AND PERMANENT PLC
    GBP 10,000,000.00
    MATURING: 04-Feb-2004
    ISSUE DATE: 04-Feb-2003
    ISIN: XS0162211048

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
04-Dec-2003 TO 05-Jan-2004 HAS BEEN FIXED AT 3.860470 PCT

INTEREST PAYABLE VALUE 05-Jan-2004 WILL AMOUNT TO:
GBP 338.45 PER GBP 100,000.00 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