Further re: Issue of Equity

RNS Number:1660R
Finance Ireland PLC
13 February 2007


13 February 2007

            Finance Ireland plc ('Finance Ireland' or 'the Company')

                        Directors interests - Correction

Finance Ireland plc, the AIM listed specialist mortgage lender in Ireland,
announced on 12 February that it had completed a private placing of
approximately #1.68 million of convertible loan notes ("Loan Notes").

As part of this placing, Nick Pople, a non executive director of the Company,
subscribed for #25,000 of Loan Notes (rather than #33,333 as previously stated).

The Loan Notes and Warrants issued to Nick Pople are therefore as follows:

Nick Pople

              Loan Notes   Maximum number of Shares             Warrants
                           on conversion

Nick Pople    #25,000      208,333                              104,166

The issue of the Loan Notes is a related party transaction for the purposes of
AIM rule 13 and IEX rule 13, as Nick Pople and two other directors who have
subscribed for stock are related parties within the meaning of the AIM and IEX
rules. The Directors of Finance Ireland (other than the directors involved in
the transaction) consider, having consulted its Nominated Adviser, Dawnay, Day
Corporate Finance Limited and its IEX adviser, Davy, that the terms of the
transaction are fair and reasonable insofar as its shareholders are concerned.

                                    - ENDS -





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