We appreciate that many customers have made enquiries seeking clarity in relation to the Guarantee issued by the Irish Government. On October 27th 2008, Bank of Ireland Group issued the following press release, which confirms that Bank of Ireland Isle of Man (I.O.M.) Limited, including our branch in Guernsey, is covered by the guarantee.

The Governor and Company of the Bank of Ireland ("Bank of Ireland") - Government of Ireland Credit Institutions (Financial Support) Scheme 2008

27/10/2008

Bank of Ireland which includes its branches in Ireland, the United Kingdom, France, Germany and the United States, along with its subsidiaries Bank of Ireland Mortgage Bank, ICS Building Society, and Bank of Ireland (IOM) Limited have executed guarantee acceptance deeds under the Irish Government's guarantee Scheme and have been specified as covered institutions by the Minister for Finance under the above Scheme and the Credit Institutions ( Financial Support) Act, 2008.

ENDS

27 October 2008

Contact:
Dan Loughrey
Head of Group Corporate Communications
Tel: + 353 1 604 3833

Geraldine Deighan:
Head of Group Investor Relations
Tel: + 353 1 604 3501