15 Jan 2007

Issue of Debt

Bank of Ireland has mandated BNP Paribas and JPMorgan Cazenove to lead manage a benchmark floating rate Euro Lower Tier 2 issue. The deal will be launched in the near future, subject to market conditions with stabilisation in accordance with article 9(2) of Commission Regulation (EC) No. 2273/2003 implementing the Market Abuse Directive (2003/6/EC).

Enquiries:

Brian Kealy, Head of Capital Management 003531 - 6043526

Geraldine Deighan, Head of Investor Relations 003531 -6043501

Dan Loughrey, Head of Group Corporate Communications 003531 - 6043833