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16th April 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 International Guaranteed Return Bond.

This is a fixed term (3½ year) Bond that gives investors the opportunity to benefit from the growth potential of four major global stock market indices, with a guaranteed minimum gross return of 10%*

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 55% of the performance of a “basket” of 4 global stock market indices selected (the FTSE 100, Nikkei 225, S&P 500 and the DJ EuroStoxx50), adjusted by an averaging method or
• A guaranteed minimum gross return of 10%.*

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 June 15th 2007.

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

“This latest product offering will appeal to investors who are looking for a guaranteed return on their investment over a relatively short time period, with the added opportunity to benefit from the growth potential of the 4 global stock market indices selected.”

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