Holding(s) in Company

Irish Continental Group PLC
04 October 2004




                            IRISH CONTINENTAL GROUP

                          STOCK EXCHANGE ANNOUNCEMENT


Notification of Substantial Shareholding

Pursuant to the obligation placed on us by paragraph 9.11 of the Listing Rules,
we advise that on 4th October 2004, the Company received notification that
Allied Irish Banks plc and its subsidiaries has a notifiable interest in
2,485,894 ICG Units, representing 10.3% of the Company's issued share capital.

The breakdown of registered holders has been notified as follows:

Registered Holder ..................................No. of Shares held

BNY Custodial Nominees (Ireland) Ltd (A/C 184321) .............305,602

BNY Custodial Nominees (Ireland) Ltd (A/C 184224)...............22,756

BNY Custodial Nominees (Ireland) Ltd (A/C 184344)................9,391

BNY Custodial Nominees (Ireland) Ltd (A/C 184219)................6,810

BNY Custodial Nominees (Ireland) Ltd (A/C 184235)............. 555,348

BNY Custodial Nominees (Ireland) Ltd (A/C 184316)...............29,744

BNY Custodial Nominees (Ireland) Ltd (A/C 184346)................6,488

BNY Custodial Nominees (Ireland) Ltd (A/C 184347)................1,416

BNY Custodial Nominees (Ireland) Ltd (A/C 184615)...............19,267

Bank of New York Nominees Ltd...................................23,203

Nortrust Nominees Ltd......................................... .73,937

Skerries Nominees Ltd............................................3,260

Goodbody Stockbroker Nominees Ltd............................1,418,972

Alibank Nominees Limited  (A/C T04715)...........................3,600

Alibank Nominees Limited  (A/C T04716).......................... 3,300

Alibank Nominees Limited  (A/C T00018).......................... 2,800


___________________________

4th October 2004


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