Irish Life & Permanent PLC

RE: IRISH LIFE & PERMANENT PLC
    GBP 10,000,000.00
    MATURING: 02-Feb-2004
    ISSUE DATE: 31-Jan-2003
    ISIN: XS0161971816

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD 
31-Dec-2003 to 02-Feb-2004 HAS BEEN FIXED AT 3.919550 PCT.

INTEREST PAYABLE VALUE 02-Feb-2004 WILL AMOUNT TO
GBP 353.40 PER GBP 100,000.00 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.