Statement re Charter of MV Kaitaki

COMPANY REGULATORY ANNOUNCEMENT

12 April 2013

Statement re Charter of MV Kaitaki

Irish Continental Group plc announces that it has entered an agreement for the extension of the bareboat charter of its vessel MV Kaitaki, (formerly MV Isle of Innisfree), to KiwiRail Limited (trading as Interislander), of New Zealand, for a period of four years from 1 July 2013, in direct continuation from the current charter, which was due to expire on 30 June 2013. The charter rate is €3.75 million per annum. The agreement also provides for an option for Interislander to extend the charter for a further period of three years from July 2017, at a reduced rate.

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Source: Irish Continental Group plc via Thomson Reuters ONE

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