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Important News in relation to Irish Life & Permanent plc

IMPORTANT INFORMATION FOR CUSTOMERS

On Thursday, February 24th 2011, the Irish Minister for Finance acting under powers granted by the Irish Credit Institutions (Stabilisation) Act, 2010, and with the consent of the Board of the Irish Nationwide Building Society and all other relevant parties announced the immediate transfer of the Society’s Savings and Investment Business to Irish Life & Permanent plc (www.irishlifepermanent.ie)

which is registered in Ireland and regulated by the Central Bank of Ireland.

As a result, the ownership of Irish Nationwide (I.O.M.) Limited has transferred to Irish Life & Permanent by way of share sale. Deposits have at all times and continue to remain protected by the Irish Government’s Eligible Liabilities Guarantee. Irish Nationwide (I.O.M.) Limited will continue to be a participant in the Isle of Man Depositors’ Compensation Scheme as set out in the Depositors’ Compensation Scheme 2010.

For customers of Irish Nationwide (I.O.M.) Limited the transfer has no immediate account(s). Our staff will continue to service the account(s) for the immediate future discussing the plans for the business with our new owners. Any changes in how business us in the future will be communicated to customers in writing and in advance.

If you have any queries in relation to the contents of this release, please see the Q&As page on the website. You can also contact our Customer Relations Team on +44 (0)1624 673373.

We would like to thank you for your custom and look forward to working with you into the future.

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