Holding(s) in Company

Irish Continental Group PLC
19 July 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 19th July 2004, the Company received notification that Allied
Irish Banks plc and its subsidiaries has a notifiable interest in 2,422,047 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) ............322,621

AIB Custodial Nominees Limited(A/C 184345)..................9,391

AIB Custodial Nominees Limited (A/C 184315)..............47,120

AIB Custodial Nominees Limited (A/C 184219)...............7,044

AIB Custodial Nominees Limited (A/C 184224)..............25,084

AIB Custodial Nominees Limited (A/C 184201)............ 603,746

AIB Custodial Nominees Limited (A/C 184316)............. 29,744

Nortrust Nominees Ltd......................................... .73,937

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

Skerries Nominees Ltd...........................................10,960

Goodbody Stockbroker Nominees Ltd.....................1,259,497

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

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

Alibank Nominees Limited  (A/C T04718)..................... 2,800




___________________________

19th July 2004


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