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18 January 2010

IRISH LIFE & PERMANENT GROUP HOLDINGS p.l.c

In reference to the announcement issued today at 13:00 (see below), please note that the date in the second sentence of the opening paragraph should read 15th January 2010 and not 15th January 2011 as previously 
stated.

REORGANISATION COMPLETED

Further to recent announcements, Irish Life & Permanent p.l.c. (OLD ILP) confirms that the Registrar of Companies at 5.30 p.m. on 15 January 2010 issued a certificate of registration of the order and minute
made by the High Court on 11 January 2010 sanctioning the scheme of arrangement and associated reduction of capital (the Scheme) sought by OLD ILP. The Scheme, under which, amongst other things, Irish Life & Permanent Group Holdings p.l.c. (NEW ILP) becomes the new holding company for the Irish Life & Permanent group, has therefore become effective with effect from 5.30 p.m. on Friday 15 January 2010 as scheduled. Accordingly, shares held by shareholders in OLD ILP have been cancelled and replaced on a one for one basis by shares in NEW ILP. 

The listing of the shares of OLD ILP (the OLD ILP Shares) on the Irish Official List (the Official List of the Irish Stock Exchange) and the UK Official List (the Official List of the Financial Services Authority) was cancelled  with effect from 6.30 a.m. and 8.00 a.m. respectively, today, 18 January 2010, and 276,782,351
new Irish Life & Permanent Group Holdings p.l.c. ordinary shares (the NEW ILP Shares) were admitted to trading on the Irish Stock Exchange and the London Stock Exchange with effect from 6.30 a.m. and 8.00 a.m. respectively, today 18 January 2010. 

Share certificates in respect of the NEW ILP Shares due under the Scheme to the holders of the Old ILP Shares who held Old ILP Shares in certificated form, will be posted no later than 29 January 2010. It is expected that holders of OLD ILP Shares in a CREST account shall have their accounts credited with the NEW ILP Shares due to them under the Scheme today.

Further Information:

Barry Walsh, Investor Relations

Tel: +353 (0)1 7042678

Conor Ryan, Corporate Affairs

Tel: +353 (0)1 8563828

Ray Gordon, Gordon MRM

Ph: +353 (0)1 6650452, Mobile: +353 (0)87 2417373

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