Holding(s) in Company

Irish Continental Group PLC
27 January 2004





                            IRISH CONTINENTAL GROUP



                          STOCK EXCHANGE ANNOUNCEMENT



Notification of Substantial Shareholding

Pursuant to the obligation placed on us by paragraph 9.11 of the Listing Rules,
we advise that on 26th January 2004, the Company received notification that
Allied Irish Banks plc and its subsidiaries has a notifiable interest in
2,411,666 ICG Units, representing 10.0% of the Company's issued share capital.

The breakdown of registered holders has been notified as follows:

Registered Holder .......................................No. of Shares held

AIB Custodial Nominees Limited (A/C 184321) ............505,275

AIB Custodial Nominees Limited(A/C 184345)................17,850

AIB Custodial Nominees Limited (A/C 184315)..............74,990

AIB Custodial Nominees Limited (A/C 184,219).............12,589

AIB Custodial Nominees Limited (A/C 184224)..............30,677

AIB Custodial Nominees Limited (A/C 184201)............ 632,784

AIB Custodial Nominees Limited (A/C 184316).............. 35,477

Nortrust Nominees Ltd......................................... 131,327

Bank of New York Nominees Ltd...............................23,203

Skerries Nominees Ltd...........................................940,594

Alibank Nominees Limited  (A/C T04715)....................... 3,600

Alibank Nominees Limited  (A/C T04716)....................... 3,300







___________________________

27th January 2004


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