Re:                                                                                             Irish Life & Permanent
Plc
                                                                                                 EUR 25000000
                                                                                                 MATURING: 09-May-2011
                                                                                                 ISIN: XS0362347097
                                                                                                                           
 PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
 10-Nov-2008 TO 09-Feb-2009 HAS BEEN FIXED AT 5.592000 PCT
  
 DAY BASIS: ACTUAL/360
  
 INTEREST PAYABLE VALUE 09-Feb-2009 WILL AMOUNT TO:
 EUR 706.77 PER EUR 50000 DENOMINATION
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