17 Jan 2007

BANK OF IRELAND STOCK ALTERNATIVE SCHEME; RE-ISSUE FROM TREASURY STOCK

16 January 2007

Bank of Ireland announces that it has today re-issued from Treasury Stock 2,139,653 units of Ordinary Stock of nominal value of €0.64 each (Ordinary Stock) at €16.37 each to satisfy the requirements of Stockholders who have elected to take units of Ordinary Stock in lieu of all or part of their Interim Dividend for 2006/2007 under the Bank's Stock Alternative Scheme.

The Stock Alternative Scheme offer was taken up by 28% of Stockholders, representing 19% of the net dividend.

Following the re-issue, Bank of Ireland holds 46,648,752 units of Ordinary Stock as Treasury Stock. The number of units of Ordinary Stock is now 978,597,381 excluding Treasury Stock.

The number of units of euro Preference Stock in issue is 3,026,598 and the number of units of Sterling Preference Stock in issue is 1,876,090.

/ends

Enquiries:-

Dan Loughrey, Head of Group Corporate Communications 00-356-1-604-3833