25 Jan 2007

Bank of Ireland announces Irish Residential Mortgage Securitisation

Bank of Ireland has today announced it will launch an Irish residential mortgage securitisation transaction. Bank of Ireland also expects to announce a UK residential mortgage transaction in the near future.

Both transactions will be issued in multi currency and will be 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.

Enquires:

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

Geraldine Deighan,
Head of Investor Relations
Tel: 003531 - 6043501

Dan Loughrey,
Head of Group Corporate Communications
Tel: 003531 - 6043833