Holding(s) in Company

22nd December 2009

Pursuant to its obligations under the Transparency (Directive 2004/109/EC)
Regulations 2007 (“The Regulations”), Irish Continental Group plc sets out below
details of a notification received under The Regulations.


Tom Corcoran
Company Secretary




                               Standard Form TR-1
    Voting rights attached to shares– Article 12(1) of directive 2004/109/EC
Financial instruments – Article 11(3) of the Commission Directive 2007/14/EC[i]

1.Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached [ii]:
           Irish Continental Group Plc
2.Reason for the notification (please tick the appropriate box or boxes):
[X] an acquisition or disposal of voting rights

[  ]an acquisition or disposal of financial  instruments which may result in the
acquisition of shares already issued to which voting rights are attached

[]an event changing the breakdown of voting rights

3.Full name of person(s) subject to the notification obligation[iii]:
           Allied Irish Banks, p.l.c. and its subsidiaries
4.Full name of shareholder(s) (if different from 3.)[iv]:
5.Date of the transaction and date on which the threshold is crossed or
reached[v]:
           21 December 2009
6.Date on which issuer notified;
22 December 2009
7.Threshold(s) that is/are crossed or reached:
3%

8.Notified details:
+---------------------------------------------------------------------------------------+
|A) Voting rights attached to shares                                                    |
+----------+-----------------------+----------------------------------------------------+
|Class/type|Situation previous to  |Resulting situation after the triggering            |
|of shares |the Triggering         |transaction[vii]                                    |
|(if       |transaction[vi]        |                                                    |
|possible  +------------+----------+---------+--------------------------+---------------+
|using the |Number of   |Number of |Number of|Number of voting          |% of voting    |
|ISIN CODE)|Shares[viii]|Voting    |shares[x]|rights[xi]                |rights         |
|          |            |rights[ix]+---------+-----------+--------------+------+--------+
|          |            |          |Direct   |Direct[xii]|Indirect[xiii]|Direct|Indirect|
+----------+------------+----------+---------+-----------+--------------+------+--------+
|          |            |          |         |           |              |      |        |
|Ordinary  |736,249     |736,249   |746,329  |746,329    |Nil           |3.03% |Nil     |
|shares of |            |          |         |           |              |      |        |
|Euro 0.60 |            |          |         |           |              |      |        |
|each      |            |          |         |           |              |      |        |
|(Sedols:  |            |          |         |           |              |      |        |
|4330231   |            |          |         |           |              |      |        |
|0329028   |            |          |         |           |              |      |        |
+----------+------------+----------+---------+-----------+--------------+------+--------+
+----------+------------+----------+---------+-----------+--------------+------+--------+
|SUBTOTAL A|            |          |         |                          |               |
|(based on |            |          |         |                          |               |
|aggregate |            |          |         |                          |               |
|voting    |            |          |         |                          |               |
|rights)   |            |          |         |                          |               |
+----------+------------+----------+---------+--------------------------+---------------+

+------------------------------------------------------------------------------+
|B) Financial Instruments                                                      |
+------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction[xiv]                     |
+------------+------------+---------------------+---------------------+--------+
|Type of     |Expiration  |Exercise/Conversion  |Number of voting     |% of    |
|financial   |Date[xv]    | Period/ Date[xvi]   |rights that may be   |voting  |
|instrument  |            |                     |acquired if the      |rights  |
|            |            |                     |instrument is        |        |
|            |            |                     |exercised/converted  |        |
+------------+------------+---------------------+---------------------+--------+
+------------+------------+---------------------+---------------------+--------+
+------------+------------+---------------------+---------------------+--------+
                          |SUBTOTAL B (in       |                     |        |
                          |relation to all      |                     |        |
                          |expiration dates)    |                     |        |
                          +---------------------+---------------------+--------+

+-------------+-------------------------+--------------------+
| Total (A+B) | number of voting rights | % of voting rights |
+-------------+-------------------------+--------------------+
| 746,329     | 746,329                 | 3.03%              |
+-------------+-------------------------+--------------------+

9.Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable[xvii]:
SEE ATTACHED SCHEDULE
10.In case of proxy voting: [name of the proxy holder] will cease to hold
[number] voting rights as of [date].
11.Additional information:

Annex to the standard formTR-1 [xviii]
a)Identity of the person or legal entity subject to the notification obligation:

 Full name (including legal form for      Allied Irish Banks, p.l.c. and its
 legal entities)                          subsidiaries

 Contact address (registered office for   Bankcentre, Ballsbridge, Dublin 4,
 legal entities)                          Ireland.

 Phone number & email                     01 6600311

 Other useful information (at least legal
 representative for legal persons)

b)Identity of the notifier, if applicable[xix]:

 Full name                               David Schorman

 Contact address                         Assistant Secretary, Allied Irish
                                         Banks, p.l.c., Bankcentre,
                                         Ballsbridge, Dublin 4.

 Phone number                            01 7721006

 Other useful information (e.g.
 functional relationship with the person
 or legal entity subject to the
 notification obligation)


 c. Additional information


SCHEDULE

+-------------------------------+---------------------------+------------------+
|       Registered Holder       |     Class of Security     |No. of shares Held|
+-------------------------------+---------------------------+------------------+
|Bank of New York Nominees      |Ordinary Shares Euro 0.65  |      26,283      |
|Limited                        |         cent each         |                  |
+-------------------------------+---------------------------+------------------+
|BNY Custodial Nominees         |Ordinary Shares Euro 0.65  |     126,682      |
|(Ireland) Ltd 184062           |         cent each         |                  |
+-------------------------------+---------------------------+------------------+
|BNY Custodial Nominees         |Ordinary Shares Euro 0.65  |      2,954       |
|(Ireland) Ltd 184219           |         cent each         |                  |
+-------------------------------+---------------------------+------------------+
|BNY Custodial Nominees         |Ordinary Shares Euro 0.65  |      7,827       |
|(Ireland) Ltd 184234           |         cent each         |                  |
+-------------------------------+---------------------------+------------------+
|BNY Custodial Nominees         |Ordinary Shares Euro 0.65  |      14,782      |
|(Ireland) Ltd 184235           |         cent each         |                  |
+-------------------------------+---------------------------+------------------+
|BNY Custodial Nominees         |Ordinary Shares Euro 0.65  |      22,485      |
|(Ireland) Ltd 184316           |         cent each         |                  |
+-------------------------------+---------------------------+------------------+
|BNY Custodial Nominees         |Ordinary Shares Euro 0.65  |      70,498      |
|(Ireland) Ltd 184321           |         cent each         |                  |
+-------------------------------+---------------------------+------------------+
|BNY Custodial Nominees         |Ordinary Shares Euro 0.65  |      3,122       |
|(Ireland) Ltd 184344           |         cent each         |                  |
+-------------------------------+---------------------------+------------------+
|BNY Custodial Nominees         |Ordinary Shares Euro 0.65  |       148        |
|(Ireland) Ltd 184346           |         cent each         |                  |
+-------------------------------+---------------------------+------------------+
|BNY Custodial Nominees         |Ordinary Shares Euro 0.65  |      1,060       |
|(Ireland) Ltd 184347           |         cent each         |                  |
+-------------------------------+---------------------------+------------------+
|BNY Custodial Nominees         |Ordinary Shares Euro 0.65  |      11,320      |
|(Ireland) Ltd 184615           |         cent each         |                  |
+-------------------------------+---------------------------+------------------+
|BNY Custodial Nominees         |Ordinary Shares Euro 0.65  |      3,510       |
|(Ireland) Ltd 184620           |         cent each         |                  |
+-------------------------------+---------------------------+------------------+
|Nortrust Nominees Limited      |Ordinary Shares Euro 0.65  |      41,057      |
|                               |         cent each         |                  |
+-------------------------------+---------------------------+------------------+
|Alibank Nominees Limited A/C   |Ordinary Shares Euro 0.65  |       910        |
|T04715                         |         cent each         |                  |
+-------------------------------+---------------------------+------------------+
|Goodbody Stockbrokers Nominees |Ordinary Shares Euro 0.65  |     413,690      |
|Ltd                            |         cent each         |                  |
+-------------------------------+---------------------------+------------------+
|AIB Services Limited           |Ordinary Shares Euro 0.65  |        1         |
|                               |         cent each         |                  |
+-------------------------------+---------------------------+------------------+
|            Total AIB Holdings 15 December 2009            |     746,329      |
+-----------------------------------------------------------+------------------+



[HUG#1366656]