02 March 2007

Residential Mortgage Securitisation

Bank of Ireland has announced today that it has successfully launched and priced a £5.5bn residential mortgage securitisation from its subsidiary Bristol & West plc.

The securitisation, through Brunel Residential Mortgage Securitisation No. 1 plc, was issued in Sterling, Euros and US Dollars and is subject to US Private Placement Rule 144A.

This notice does not constitute an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or exemption from registration. Any offering of securities to be made in the United States will be made by means of an offering circular that may be obtained from the issuer or arrangers of the transaction.

Enquiries:

Lewis Love,
Head of Asset & Liability Management
Tel: 00 353 1 6043418

Geraldine Deighan,
Head of Investor Relations
Tel: 00 353 1 6043501

Dan Loughrey,
Head of Group Corporate Communications
Tel: 00 353 1 6043833

Bank of Ireland is regulated by the Financial Regulator. In the UK, Bank of Ireland is authorised by the Irish Financial Regulator and authorised and subject to limited regulation by the Financial Services Authority. Details about the extent of our authorisation and regulation by the Financial Services Authority are available from us on request.
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