Holding(s) in Company

12 April 2010
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

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]:
Irish Life Investment Managers
4.         Full name of shareholder(s) (if different from 3.)[iv]:
5.         Date of the transaction and date on which the threshold is crossed or
reached[v]:
09/04/10
6.         Date on which issuer notified;
12/04/10
7.         Threshold(s) that is/are crossed or reached:
3%
8.         Notified details:

+-----------------------------------------------------------------------------------------+
|A) Voting rights attached to shares                                                      |
+------------+-----------------------+----------------------------------------------------+
|Class/type  |Situation previous to  |Resulting situation after the triggering            |
|of shares   |the Triggering         |transaction[vii]                                    |
|(if possible|transaction [vi]       |                                                    |
|using the   +------------+----------+---------+--------------------------+---------------+
|ISIN CODE)  |Number of   |Number of |Number of|Number of voting          |% of voting    |
|            |Shares[viii]|Voting    |shares[x]|rights[xi]                |rights         |
|            |            |rights[ix]+---------+-----------+--------------+------+--------+
|            |            |          |Direct   |Direct[xii]|Indirect[xiii]|Direct|Indirect|
+------------+------------+----------+---------+-----------+--------------+------+--------+
|Sedol       |759,479     |759,479   |709,479  |709,479    |              |Below |        |
|3339455/    |            |          |         |           |              |3%    |        |
|ISIN        |            |          |         |           |              |      |        |
|IE0033336516|            |          |         |           |              |      |        |
|            |            |          |         |           |              |      |        |
+------------+------------+----------+---------+-----------+--------------+------+--------+
|            |            |          |         |           |              |      |        |
+------------+------------+----------+---------+-----------+--------------+------+--------+
|SUBTOTAL A  |            |          |         |709,479                   |Below 3%       |
|(based on   |            |          |         |                          |               |
|aggregate   |            |          |         |                          |               |
|voting      |            |          |         |                          |               |
|rights)     |            |          |         |                          |               |
+------------+------------+----------+---------+--------------------------+---------------+


+------------------------------------------------------------------------------+
|B) Financial Instruments                                                      |
+------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction[xiv]                     |
+------------+------------+----------------------+---------------------+-------+
|Type of     |Expiration  |Exercise/Conversion   |Number of voting     |% of   |
|financial   |Date[xv]    |Period/ Date[xvi]     |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 |
+-------------+-------------------------+--------------------+
|             | 709,479                 | Below 3%           |
|             |                         |                    |
+-------------+-------------------------+--------------------+

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:
Done at [place] on [date].





[HUG#1402751]