Holding(s) in Company

Irish Continental Group PLC
26 January 2005





                            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 26th January 2005, the Company received notification that
Allied Irish Banks plc and its subsidiaries has a notifiable interest in
2,679,726 ICG Units, representing 11.4% of the Company's issued share capital,
excluding treasury shares.

The breakdown of registered holders has been notified as follows:

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

BNY Custodial Nominees (Ireland) Ltd (A/C 184321) .............352,623

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

BNY Custodial Nominees (Ireland) Ltd (A/C 184344)................9,967

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)...............17,900

BNY Custodial Nominees (Ireland) Ltd (A/C 184620)................6,033

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

Nortrust Nominees Ltd...........................................76,451

Goodbody Stockbroker Nominees Ltd............................1,557,387

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

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

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

Alibank Nominees Limited  (A/C T08389)...........................2,650

Skerries Nominees Limited  ......................................1,250







___________________________

27th January 2005


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