yRNS Number:0151L
Irish Continental Group PLC
13 May 2003


                            IRISH CONTINENTAL GROUP

                          STOCK EXCHANGE ANNOUNCEMENT

Notification of Substantial Shareholding

Pursuant to the obligation placed on us by paragraph 9.11 of the Listing Rules,
we advise that on 12th May 2003, the Company received notification that Allied
Irish Banks plc and its subsidiaries has a notifiable interest in 2,731,184
Ordinary Shares in Irish Continental Group plc., representing 11.1% of the
Company's issued ordinary share capital.

The breakdown of registered holders has been notified as follows:

Registered Holder ..................................No. of Shares held

AIB Custodial Nominees Limited (A/C 11) .................511,186

AIB Custodial Nominees Limited(A/C 12)........ ...........108,363

AIB Custodial Nominees Limited (A/C 1215)............... 74,990

AIB Custodial Nominees Limited (A/C 184,219)............11,441

AIB Custodial Nominees Limited (A/C 184224).............36,587

AIB Custodial Nominees Limited (A/C 184201)........... 635,564

AIB Custodial Nominees Limited (Undesignated)............ 35,477

Nortrust Nominees Ltd....................................... 131,327

Bank of New York Nominees Ltd.............................31,103

Skerries Nominees Ltd......................................1,153,659

Nutraco Nominees Ltd.......................................... 1,487


___________________________

13th May 2003


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