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24th January 2007

New Product from Bank of Ireland Offshore

Bank Of Ireland (I.O.M.) Limited, in conjunction with its branch Bristol & West International, based in Guernsey, has launched the Global Guaranteed Equity & Income Bond.

This is a fixed term (five year) deposit bond comprising both a Guaranteed Equity Bond and an Income Bond:

• The Guaranteed Equity Bond provides investors with the opportunity to benefit from 60% of the growth potential of three global stock market indices (the FTSE 100, Nikkei 225, and the DJ EuroStoxx50), adjusted by an averaging method. The Bank of Ireland Capital Guarantee means that investors will not lose their initial capital investment, regardless of stock market performance
• The Income Bond pays an attractive annual rate of 6% gross*/AER, with easy access to money without charges for early withdrawal.

Investors are required to invest a minimum of £5,000 into the Guaranteed Equity Bond and can then invest between £1 and 50% of the total investment into the Income Bond. The product is only available for a limited offer period and the Offer Period will close on 22nd March 2007.

Commenting on the launch David Gilpin, responsible for Marketing and Product Development at Bank of Ireland Offshore, said:

“We believe that our latest offering will prove to be popular with those investors who are looking for a product which offers both a competitive rate of interest and the opportunity to benefit from the growth potential of some of the world’s best known financial markets.”

For more information on this new product please contact David Gilpin on (01624) 644227.