Irish Life & Permanent PLC

RE: IRISH LIFE & PERMANENT PLC
    EUR 500,000,000.00
    MATURING: 25-Apr-2008
    ISSUE DATE: 25-Apr-2003
    ISIN: XS0167098838

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
26-Jan-2004 TO 26-Apr-2004  HAS BEEN FIXED AT 2.200000 PCT

INTEREST PAYABLE VALUE 26-Apr-2004 WILL AMOUNT TO:
EUR 55.61 PER EUR 10,000.00 DENOMINATION
EUR 556.11 PER EUR 100,000.00 DENOMINATION

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 20 7508 3857/3855 OR FAX: 44 20 7508 3881