Irish Life & Permanent PLC

RE: IRISH LIFE AND PERMANENT PLC
    USD 11,817,000.00
    MATURING: 06-Apr-2006
    ISSUE DATE: 04-Apr-2002
    ISIN: XS0145864822

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD 
05-Jan-2004 to 05-Apr-2004 HAS BEEN FIXED AT 1.191880 PCT.

INTEREST PAYABLE VALUE 05-Apr-2004 WILL AMOUNT TO
USD 3.01 PER USD 1,000.00 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 020 7508 3858/3855 OR FAX: 44 020 7508 3881.