Irish Life & Permanent PLC

RE: IRISH LIFE & PERMANENT PLC
    USD  6,038,000.00
    MATURING: 22-Sep-2004
    ISSUE DATE: 22-Sep-2000
    ISIN: XS0118133726

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
22-Dec-2003 TO 22-Mar-2004  HAS BEEN FIXED AT 1.18000 PCT

INTEREST PAYABLE VALUE 16-Mar-2004 WILL AMOUNT TO:
USD 2.98 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