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4th July 2008

Pursuant to its obligations under the Transparency (Directive 2004/109/EC) Regulations 2007 (“The Regulations”), Irish Continental Group plc sets out below details of a notification received on 4th July 2008 under The Regulations.

Tom Corcoran
Company Secretary

Standard Form TR-1
Voting rights attached to shares– Article 12(1) of directive 2004/109/EC
Financial instruments – Article 11(3) of the Commission Directive 2007/14/EC

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached :
Irish Continental Group Plc
2. Reason for the notification (please tick the appropriate box or boxes):
[ X] an acquisition or disposal of voting rights
[ ] an acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
[] an event changing the breakdown of voting rights
3. Full name of person(s) subject to the notification obligation:
Deutsche Bank AG
4. Full name of shareholder(s) (if different from 3.):
Deutsche Bank AG
Tilney Investment Management
5. Date of the transaction and date on which the threshold is crossed or reached:
02/07/08
6. Date on which issuer notified;
04/07/2008
7. Threshold(s) that is/are crossed or reached:
6%

8. Notified details:

A) Voting rights attached to shares

Class/type of shares (if possible using the ISIN CODE)

Situation previous to the Triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting rights

Number of shares

Number of voting rights

% of voting rights

Direct

Direct

Indirect

Direct

Indirect

 

IE0033336516

 

1,466,415

 

1,466,415

 

1,542,543

 

1,542,143

 

400

 

6.27%

 

0.00%

 

 

 

 

 

 

 

 

SUBTOTAL A (based on aggregate voting rights)

 

 

 

 

 

6.27%



B) Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration Date

Exercise/Conversion  Period/ Date

Number of voting rights that may be acquired if the instrument is exercised/converted

% of voting rights

 

SUBTOTAL B (in relation to all expiration dates)

 

 



Total (A+B)

number of voting rights

% of voting rights

 

1,542,543

6.27%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
10. In case of proxy voting: [name of the proxy holder] will cease to hold [number] voting rights as of [date].
11. Additional information:
Done at [place] on [date].