Irish Life & Permanent PLC

RE: IRISH LIFE AND PERMANENT PLC
    GBP 10,000,000.00
    MATURING: 17-Sep-2004
    ISSUE DATE: 30-Jly-2001
    ISIN: XS0133321181

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
19-Jan-2004 TO 19-Apr-2004 HAS BEEN FIXED AT 4.070160 PCT.

INTEREST PAYABLE VALUE 19-Apr-2004 WILL AMOUNT TO
GBP 101.48 PER GBP 10,000.00 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 020 7508 3858/3855 OR FAX: 44 020 7508 3881.