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20th October 2006

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 Return Bond.

This is a fixed term (3½ year) Bond that gives investors the opportunity to benefit from the growth potential of three major global stock market indices, with a guaranteed minimum gross return of 7%*

With the Bank of Ireland Capital Guarantee investors will receive all of the initial investment plus the greater of:

• A return based on a Participation Rate of 60% of the performance of a “basket” of 3 global stock market indices selected (the FTSE 100, Nikkei 225, and the DJ EuroStoxx50), adjusted by an averaging method or
• A guaranteed minimum gross return of 7%*.

The product, with a minimum investment level of £5,000, is only available for a limited offer period and the Offer Period will close on December 20th 2006.

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

“We believe that our latest product offering will prove to be popular with those investors who are looking for an opportunity to benefit from the growth potential of some of the world’s best known financial markets, which have performed strongly over recent years, and at the same time benefit from a guaranteed minimum return on their investment.’

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