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1 August 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 Silver Anniversary Bond to mark the Bank’s 25th anniversary in the Isle of Man.

This is a fixed term, 5 year Bond that gives investors the opportunity to benefit from the growth potential of four major global stock market indices ( FTSE 100, Nikkei 225, DJ Euro Stoxx50 and the S&P 500), with the reassurance of a capital guarantee and an early maturity feature.

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

• A 25%* gross return after 2 ½ years if the 4 indices grow by 20% or more on average during that time.
• If the above levels of growth are not achieved after 2 ½ years, a return based on a Participation Rate of 100% of the performance of a “basket” of four major global stock market indices selected, adjusted by an averaging method, paid at the end of the 5 year Fixed Term.

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 September 29th 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 to benefit from the growth potential of some of the world’s best known financial markets without any risk of losing capital. Our early maturity feature on this Bond means that if the 4 global stock markets selected perform well over the next 2 and a half years then the bond will mature early and pay investors a highly attractive gross return of 25%.’

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