Transparency - Holding(s) in Company

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 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[i] 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached [ii]: 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[iii]: Artemis Investment Management Limited 4. Full name of shareholder(s) (if different from 3.)[iv]: Artemis Special Situations Institutional Special Situations Pearson Prudential Staff Pension Scheme Akzo Nobel Pension Scheme Barclays UK Alpha L&G (Barclays) MM Alpha Fund L&G (Barclays) Series2 MM Alpha Fund Witan Investment Trust 5. Date of the transaction and date on which the threshold is crossed or reached[v]: 17/11/2009 6. Date on which issuer notified; 18/11/2009 7. Threshold(s) that is/are crossed or reached: 7%

8. Notified details:

A) Voting rights attached to shares Class/type of Situation previous to the Resulting situation after the triggering transaction[vii] shares (if possible Triggering transaction [vi] using the ISIN CODE) Number of Number of Number of Number of voting rights[xi] % of voting rights Shares[viii] Voting shares[x] rights[ix] Direct Direct[xii] Indirect[xiii] Direct Indirect IE0033336516 127,628 127,628 1,939,628 1,939,628 7.88% SUBTOTAL A (based 1,939,628 7.88% on aggregate voting rights)

B) Financial Instruments Resulting situation after the triggering transaction[xiv] Type of Expiration Exercise/Conversion Number of voting rights that % of financial Date[xv] Period/ Date[xvi] may be acquired if the voting instrument instrument is rights exercised/converted SUBTOTAL B (in relation to all expiration dates)

Total (A B) number of voting rights % of voting rights 1,939,628 7.88%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable[xvii]: 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] Annex to the standard form TR-1 [xviii] a) Identity of the person or legal entity subject to the notification obligation:

Full name (including legal form for legal Artemis Investment entities) Management Limited Contact address (registered office for legal 42 Melville Street entities) Edinburgh, EH3 7HA Phone number 0131 718 0411 Other useful information (at least legal representative for legal persons)

b) Identity of the notifier, if applicable[xix]:

Full name ..................................................................... Contact ..................................................................... address ..................................................................... Phone number ..................................................................... Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation)

c) Additional information

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