Irish Life & Permanent PLC

RE: IRISH LIFE AND PERMANENT PLC
    USD 6,247,000.00
    MATURING: 09-Oct-2008
    ISSUE DATE: 07-Oct-2003
    ISIN: XS0177745733

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
09-Jan-2004 TO 13-Apr-2004  HAS BEEN FIXED AT 1.205000 PCT

INTEREST PAYABLE VALUE 13-Apr-2004 WILL AMOUNT TO:
USD 3.18 PER USD 1,000.00 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