STOCK ALTERNATIVE SCHEME; RE-ISSUE FROM TREASURY STOCK

Bank of Ireland announces that it has today re-issued from Treasury Stock 9,148,760 units of Ordinary Stock of nominal value of €0.64 each (Ordinary Stock) at €9.28 each to satisfy the requirements of Stockholders who have elected to take units of Ordinary Stock in lieu of all or part of their Interim Dividend for 2007/2008 under the Bank's Stock Alternative Scheme.

The Stock Alternative Scheme offer was taken up by 37% of Stockholders, representing 39% of the net dividend.

Following the re-issue, Bank of Ireland holds 26,218,832 units of Ordinary Stock as Treasury Stock. The number of units of Ordinary Stock is now 999,989,142 excluding Treasury Stock.

The number of units of euro Preference Stock in issue is 3,026,598 and the number of units of Sterling Preference Stock in issue is 1,876,090.

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Enquiries:-
John Clifford,
Group Secretary's Office
Tel: +353 1 6043400