Holding in Company

Irish Continental Group PLC
04 October 2007



1 October 2007







The Irish Stock Exchange Limited

28 Anglesea Street

Dublin 2









                    Notification of Substantial Shareholding





Dear Sir Madam





Pursuant to the obligations imposed by Section 91 of the Companies Act, 1990 and
the Transparency (Directive 2004/109/EC) Regulations 2007, I write to inform you
that as of 28 September 2007 South Morston Investment Company Limited (a company
which is ultimately owned and controlled by Mr Liam Carroll and Mrs Roisin
Carroll) is interested in 6,103,157 ICG Units representing 25.31% of ICG's
issued share capital.





Yours sincerely









Mr John Pope

For and on behalf of

South Morston Investments Limited







This announcement has been issued through the Companies Announcement Service of

                           The Irish Stock Exchange.






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