EGM Statement

Irish Continental Group PLC
12 April 2007

 


                                 12 April 2007

              Irish Continental Group plc ('ICG' or the 'Company')

                    Result of Extraordinary General Meeting


At the extraordinary general meeting at 3.45 p.m. today, 12 April 2007, at The
Berkeley Court Hotel, to consider the Aella offer, the Independent Directors
proposed a resolution to adjourn the extraordinary general meeting. This
resolution was duly passed by shareholders and the extraordinary general meeting
has been adjourned until further notice.

In addition, two court meetings were also due to have been held at 3.15 p.m. and
3.30 p.m. today, also at The Berkeley Court Hotel. Pursuant to an application
from the Company, the Court yesterday ordered the adjournment until further
notice of these meetings also.



Enquiries

Irish Continental Group plc Telephone [phone]
Independent Directors
John B McGuckian

NCB Corporate Finance Telephone [phone]
Liam Booth
Jonathan Simmons
Shane Lawlor

Drury Communications Telephone [phone]
Billy Murphy
Paddy Hughes



The Independent Directors of Irish Continental Group plc accept responsibility
for the information contained in this announcement. To the best of their
knowledge and belief (having taken all reasonable care to ensure that such is
the case), the information contained in this announcement for which they take
responsibility is in accordance with the facts and does not omit anything likely
to affect the import of such information.

NCB Corporate Finance Limited, which is authorised in Ireland by the Financial
Regulator under the Investment Intermediaries Act 1995, is acting exclusively
for Irish Continental Group plc and no one else in connection with the
acquisition and will not be responsible to anyone other than Irish Continental
Group plc for providing the protections afforded to clients of NCB Corporate
Finance Limited nor for providing advice in relation to the acquisition.




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