Holding(s) in Company

18th November 2009

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[i]
1.         Identity of the issuer or the underlying issuer of
existing shares to which voting rights are attached [ii]:
            Irish Continental Group Plc
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[iii]:
            South Morston Investment Company Limited (In
Receivership)
4.         Full name of shareholder(s) (if different from 3.)[iv]:
            South Morston Investment Company Limited (In
Receivership)
5.         Date of the transaction and date on which the threshold is
crossed or reached[v]:
            17/11/2009
6.         Date on which issuer notified;
18/11/2009
7.         Threshold(s) that is/are crossed or reached:
29%, 28%, 27%, 26%, 25%, 24%, 23%, 22%, 21%, 20%, 19%, 18%, 17%, 16%,
15%, 14%, 13%, 12%, 11%, 10%, 9%, 8%, 7%, 6%, 5%, 4%, 3%


8.         Notified details:


+---------------------------------------------------------------------------------------------------------+
|A) Voting rights attached to shares                                                                      |
|---------------------------------------------------------------------------------------------------------|
|Class/type of      |Situation previous to the  |Resulting situation after the triggering transaction[vii]|
|shares (if possible|Triggering transaction [vi]|                                                         |
|using the ISIN     |---------------------------+---------------------------------------------------------|
|CODE)              |Number of     |Number of   |Number of |Number of voting rights[xi]|% of voting rights|
|                   |Shares[viii]  |Voting      |shares[x] |                           |                  |
|                   |              |rights[ix]  |----------+---------------------------+------------------|
|                   |              |            |Direct    |Direct[xii] |Indirect[xiii]|Direct  |Indirect |
|-------------------+--------------+------------+----------+------------+--------------+--------+---------|
|                   |              |            |          |            |              |        |         |
|IE0033336516       |7,147,727     |7,147,727   |0         |0           |0             |0%      |0%       |
|-------------------+--------------+------------+----------+------------+--------------+--------+---------|
|                   |              |            |          |            |              |        |         |
|-------------------+--------------+------------+----------+---------------------------+------------------|
|SUBTOTAL A (based  |              |            |          |                           |                  |
|on aggregate voting|              |            |          |                           |                  |
|rights)            |              |            |          |                           |                  |
+---------------------------------------------------------------------------------------------------------+



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



+------------------------------------------------------------+
| Total (A+B) | number of voting rights | % of voting rights |
|-------------+-------------------------+--------------------|
|             |                         |                    |
+------------------------------------------------------------+


9.         Chain of controlled undertakings through which the voting
rights and/or the financial instruments  are effectively held, if
applicable[xvii]:
10.       In case of proxy voting:  [name of the proxy holder] will
cease to hold [number] voting rights as of [date].
11.       Additional information: Pershing International Limited held
shares as bare trustee for South Morston Investment Company Limited.
Done at Dublin on 18 November 2009.
Annex to the standard form TR-1 [xviii]
a)         Identity of the person or legal entity subject to the
notification obligation:

Full name (including legal form for legal entities)
Contact address (registered office for legal entities)
Phone number
Other useful information (at least legal representative for legal
persons)

b)         Identity of the notifier, if applicable[xix]:

Full name    .....................................................................
Contact      .....................................................................
address      .....................................................................
Phone number .....................................................................
Other useful
information
(e.g.
functional
relationship
with the
person or
legal entity
subject to
the
notification
obligation)

c)         Additional information

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