14 Feb 2007

Residential Mortgage Securitisation

Bank of Ireland has announced today that it has successfully launched and priced a €2.95bn residential mortgage securitisation from its subsidiary ICS Building Society.

The securitisation, Kildare Securities Limited, was issued in Euros and US Dollars and is subject to US Private Placement Rule 144A.

This notice does not constitute an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or exemption from registration. Any offering of securities to be made in the United States will be made by means of an offering circular that may be obtained from the issuer or arrangers of the transaction.

Enquiries:

Lewis Love, Head of Asset & Liability Management 003531 - 6043418

Geraldine Deighan, Head of Investor Relations 003531 - 6043501

Dan Loughrey, Head of Group Corporate Communications 003531 - 6043833