Irish Life & Permanent PLC

RE: IRISH LIFE & PERMANENT PLC
    EUR  750,000,000.00
    MATURING: 22-Sep-2006
    ISSUE DATE: 22-Sep-2003
    ISIN: XS0176264934

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
22-Dec-2003 TO 22-Mar-2004  HAS BEEN FIXED AT 2.266000 PCT

INTEREST PAYABLE VALUE 22-Mar-2004 WILL AMOUNT TO:
EUR 5.73 PER EUR 1,000.00 DENOMINATION
EUR 57.28 PER EUR 10,000.00 DENOMINATION
EUR 572.79 PER EUR 100,000.00 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