Holding(s) in Company

Irish Continental Group PLC
20 October 2003





                            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 17th October 2003 the Company received notification that
Schroder Investment Management Limited has a notifiable interest in 1,800,000
Units in Irish Continental Group plc., representing 7.5% of the Company's issued
share capital

The breakdown of registered holders has been notified as follows:

Registered Holder ..................................No. of Units held

Chase Manhattan Bank ...........................1,750,000

State Street Bank and Trust Company................50,000





___________________________

20th October 2003


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