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Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

The following announcement replaces the announcement released22nd June 2007 at 17.22.

This form is intended for use by an issuer to make a RIS notification required by the Market Abuse Rules and section 53 (as extended by section 64 of the Companies Act 1990) or entered into the issuer’s register in accordance with section 59 of the Companies Act 1990.

  1. An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.
  2. n issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.
  3. An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24
  4. An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete the boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.

All relevant boxes should be completed in block capital letters

1 Name of the Issuer 2 State whether the notification relates to:
  (i)  a transaction notified in accordance with Market Abuse Rules; 
IRISH CONTINENTAL GROUP PLC  
  (ii)  a disclosure made in accordance with section 53 (as extended by section 64 of the Companies Act 1990) or entered into the issuer’s register in accordance with section 59 of the Companies Act 1990; or
  (iii) both (i) and (ii).
   
  (iii) both
   
3 Name of person discharging managerial responsibilities/director 4 State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
EAMONN ROTHWELL N/A
5 Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest 6 Description of shares (including class) debentures or derivatives or financial instruments relating to shares
Yes, EAMONN ROTHWELL ICG UNITS (each consisting of 1 ordinary share and 3 redeemable shares)
7 Name of registered shareholder(s) and, if more than one, number of shares held by each of them 8 State the nature of the transaction
EAMONN ROTHWELL – 3,052,771 ICG UNITS (I) ACQUISITION OF INTEREST IN ICG UNITS, AND
  (II) ENTRY INTO CONTRACT FOR DIFFERENCE IN RESPECT OF ICG UNITS
9 Number of shares, debentures or financial instruments relating to shares acquired 10 Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating  percentage)
1,750,200 ICG UNITS  7.4% (4.28% ACQUISITION OF SHARES ; 3.12% CONTRACTS FOR DIFFERENCE)
(OF WHICH 736,00 HELD VIA A CONTRACT FOR DIFFERENCE)  
11 Number of shares, debentures or financial instruments relating to shares disposed 12 Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating  percentage)
N/A N/A
13 Price per share or value of transaction 14 Date and place of transaction
€22.00 20TH JUNE 2007, DUBLIN
15 Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) 16 Date issuer informed of transaction
3,052,711 ICG UNITS           12.9% 20TH JUNE 2007
(IN ADDITION, EAMONN ROTHWELL HAS A CONTRACT FOR DIFFERENCE IN RESPECT OF 736,000 ICG UNITS)  
If a person discharging managerial responsibilities has been granted options by the issuer, complete the following boxes:
17 Date of grant 18 Period during which or date on which it can be exercised
19 Total amount paid (if any) for grant of the option 20 Description of shares or debentures involved (class and number)
21 Exercise price (if fixed at time of grant) or indication that the price is to be fixed at the time of exercise 22 Total number of shares or debentures over which options are held following notification
23 Any additional information 24 Name of contact and telephone number for queries
TOM CORCORAN – 01 8552222

Name and signature of duly designated officer of issuer responsible for making notification

Date of notification ________________26TH JUNE 2007___________________