Holding(s) in Company

 11 February 2011



Pursuant to its obligations under the Transparency (Directive 2004/109/EC)
Regulations 2007 ("The Regulations"), Irish Continental Group plc sets out below
details of a notification received under The Regulations.



Tom Corcoran

Company Secretary



Standard Form TR-1
Voting rights attached to shares- Article 12(1) of directive 2004/109/EC
Financial instruments - Article 11(3) of the Commission Directive 2007/14/EC

1.         Identity of the issuer or the underlying issuer of existing shares to
which voting rights are attached: IRISH CONTINENTAL GROUP



2.         Reason for the notification (please tick the appropriate box or
boxes):

[x ]    an acquisition or disposal of voting rights

[ ]      an acquisition or disposal of financial instruments which may result in
the acquisition of shares already issued to which voting rights are attached

[ ]      an event changing the breakdown of voting rights

3.         Full name of person(s) subject to the notification obligation:

Franklin Templeton Institutional , LLC

4.         Full name of shareholder(s) (if different from 3.):

JP Morgan Chase Bank Dublin

5.         Date of the transaction and date on which the threshold is crossed or
reached:

February 9, 2011

6.         Date on which issuer notified;

February 9, 2011

7.         Threshold(s) that is/are crossed or reached:

3%

8.         Notified details:



+------------------------------------------------------------------------------+
|A) Voting rights attached to shares                                           |
+---------------+------------------+-------------------------------------------+
|Class/type of  |Situation previous|Resulting situation after the triggering   |
|shares (if     |to the Triggering |transaction                                |
|possible using |transaction       |                                           |
|the ISIN CODE) +---------+--------+--------+-----------------+----------------+
|               |Number of|Number  |Number  |Number of voting |% of voting     |
|               |Shares   |of      |of      |rights           |rights          |
|               |         |Voting  |shares  |                 |                |
|               |         |rights  +--------+------+----------+------+---------+
|               |         |        |Direct  |Direct|Indirect  |Direct|Indirect |
+---------------+---------+--------+--------+------+----------+------+---------+
|Ordinary : Unit|         |        |        |      |          |      |         |
|EUR            |         |        |        |      |          |      |         |
|               |         |        |        |      |          |      |         |
|NPV .65        |         |        |        |      |          |      |         |
|               |         |        |        |      |          |3.88% |         |
|               |         |        |        |      |          |      |         |
|               |         |        |        |      |969,142   |      |         |
|ISIN           |         |        |        |      |          |      |         |
|               |         |        |        |      |          |      |         |
|IE0033336516   |         |        |        |      |          |      |         |
|               |         |        |        |      |          |      |         |
|               |         |        |        |      |          |      |         |
+---------------+---------+--------+--------+------+----------+------+---------+
|               |         |        |        |      |          |      |         |
+---------------+---------+--------+--------+------+----------+------+---------+
|SUBTOTAL A     |         |        |        |                 |                |
|(based on      |         |        |        |                 |                |
|aggregate      |         |        |        |                 |                |
|voting rights) |         |        |        |                 |                |
+---------------+---------+--------+--------+-----------------+----------------+




+------------------------------------------------------------------------------+
|B) Financial Instruments                                                      |
+------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction                          |
+------------+------------+----------------------+---------------------+-------+
|Type of     |Expiration  |Exercise/Conversion   |Number of voting     |% of   |
|financial   |Date        |Period/ Date          |rights that may be   |voting |
|instrument  |            |                      |acquired if the      |rights |
|            |            |                      |instrument is        |       |
|            |            |                      |exercised/converted  |       |
+------------+------------+----------------------+---------------------+-------+
|            |            |                      |                     |       |
+------------+------------+----------------------+---------------------+-------+
|            |            |                      |                     |       |
+------------+------------+----------------------+---------------------+-------+
                          |SUBTOTAL B (in        |                     |       |
                          |relation to all       |                     |       |
                          |expiration dates)     |                     |       |
                          +----------------------+---------------------+-------+



+-------------+-------------------------+--------------------+
| Total (A+B) | number of voting rights | % of voting rights |
+-------------+-------------------------+--------------------+
|             | 969,142                 | 3.88%              |
|             |                         |                    |
|             |                         |                    |
+-------------+-------------------------+--------------------+



9.         Chain of controlled undertakings through which the voting rights
and/or the financial instruments are effectively held, if applicable:

10.       In case of proxy voting: [name of the proxy holder] will cease to hold
[number] voting rights as of [date].

11.       Additional information:

Done at Fort Lauderdale, USA on February 10, 2011.







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Source: Irish Continental Group plc via Thomson Reuters ONE

[HUG#1488350]