Irish Continental Group plc : Early Settlement ...

Early Settlement Of Bareboat Hire Purchase Agreement

2 April 2014

Irish Continental Group plc ("the Company") is pleased to announce that it has today received €17.0 million in full settlement of all amounts due under the terms of the Bareboat Hire Purchase Agreement ("the Agreement") relating to the sale of the vessel SPL Princess Anastasia (formerly Pride of Bilbao) concluded in 2010. Under the Agreement, this amount was receivable in instalments from the Russian company, St. Peter Line, over the period to September 2016. These funds will be utilised towards reduction of net debt.

END

Enquiries:

Irish Continental Group plc

Eamonn Rothwell, CEO,                [phone]

Garry O'Dea, Finance Director,     [phone]

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Source: Irish Continental Group plc via Globenewswire

HUG#1773755