FRN Variable Rate Fix

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Irish Life & Permanent


Re:  Irish Life + Permanent Plc
     GBP 2,350,000.00
     MATURING: 08-Mar-2012
     ISIN: XS0247680829

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
10-Mar-2008 TO 09-Jun-2008 HAS BEEN FIXED AT 5.774380 PCT

DAY BASIS: ACTUAL/365(FIX)

INTEREST PAYABLE VALUE 09-Jun-2008 WILL AMOUNT TO:
GBP 14.40 PER GBP 1,000.00 DENOMINATION

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