Irish Life & Permanent PLC

RE: IRISH LIFE & PERMANENT PLC
    GBP 10,000,000.00
    MATURING: 02-Feb-2004
    ISSUE DATE: 31-Jan-2003
    ISIN: XS0161971816

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
28-Nov-2003 TO 31-Dec-2003 HAS BEEN FIXED AT 3.815940 PCT.

INTEREST PAYABLE VALUE 31-Dec-2003 WILL AMOUNT TO GBP 345.00 PER 
GBP 100,000.00 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON TEL: 
44 20 7508 3858/3855 OR FAX: 44 20 7508 3881.