Transaction in Own Shares

Irish Continental Group PLC
09 March 2004

                            IRISH CONTINENTAL GROUP

                          STOCK EXCHANGE ANNOUNCEMENT

Purchase of Own Shares

Further to the announcement on 9th March 2004 concerning the purchase of its own
shares, Irish Continental Group notes that it was stated in error that these
shares would be cancelled. These shares will be held as treasury shares.

As at the date of this announcement the total number of ICG Units held as
treasury shares is  749,500 ICG Units and the total number of ICG Units in
issue, excluding treasury shares, is 23,357,534 Units.

                         ___________________________

9 March 2003


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