Loeb Partners Corporation


                                                                    FORM 8.1/8.3
                                   IRISH TAKEOVER PANEL


Lodge with the Stock Exchange (which may publicise) and with the Panel.
Use separate form for each class of securities in which dealings have been
made.

                                           Date of disclosure......July 31, 2008

          DISCLOSURE UNDER RULE 8.1(a), 8.1(b)(i) and 8.3 OF THE IRISH
                TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2007

Date of Dealing                              July 30, 2008

Dealing in (name of company)                 IONA Technologies Plc Sponsored ADR

(1) Class of securities (e.g. ordinary shares) Ordinary shares

(2) Amount bought    10,000
    Amount sold           -
    Price per unit   3.9656 USD

(3) Resultant total of the same class owned or controlled (and percentage of
    class) 682,592.....................................................1.85% (%)


(4) Party making disclosure                            Loeb Partners Corporation

(5) EITHER (a) Name of purchaser/vendor (Note 1) OR (b) If dealing for
    discretionary client(s), name of fund management organisation

    Loeb Partners Corporation

(6) Reason for disclosure (Note 2)
    (a) (i) offeror or associate of offeror (Note 3) NO
    (ii) offeree or associate of offeree NO

    Specify which category or categories of associate ((a) to (l) page 3/4)
    If category (l), explain ...................................................

    (b) Rule 8.3 (i.e. disclosure because of ownership or control of 1% or more
    the class of relevant securities dealt in) YES

Signed, for and on behalf of the party named in (4) above

(Also print name of signatory)........Shelby Drescher

Telephone and extension number....212-483-7070



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