Transaction in Own Shares

Irish Continental Group PLC
01 October 2004


IRISH CONTINENTAL GROUP

Purchase of Own Shares

Irish Continental Group announces that it has made a purchase of its own shares
on the market as follows:

Date of Transaction: 30 September 2004.

Number of Shares: 150,000 (one hundred and fifty thousand) ICG Units
representing 0.6% of the previously issued shares.

Price: The price paid was €10.00 per unit.

These shares will be held as treasury shares.

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1 October 2004

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