Stock Alternative Scheme; Re-Issue From Treasury Stock

Bank of Ireland announces that it has today re-issued from Treasury Stock 2,230,634 units of Ordinary Stock of nominal value of €0.64 each (Ordinary Stock) at €15.22 each to satisfy the requirements of Stockholders who have elected to take units of Ordinary Stock in lieu of all or part of their Final Dividend for 2006/2007 under the Bank's Stock Alternative Scheme.

The Stock Alternative Scheme offer was taken up by 36% of Stockholders, representing 10% of the net dividend.

Following the re-issue, Bank of Ireland holds 35,439,521 units of Ordinary Stock as Treasury Stock. The number of units of Ordinary Stock is now 990,342,624 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