Holding(s) in Company

27 May 2011

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
1.        Identity of the issuer or the underlying issuer of existing shares to
         which voting rights are attached: 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:
Marathon Asset Management LLP
4.Full name of shareholder(s) (if different from 3.):
See attached breakdown

5. Date of the transaction and date on which the threshold is crossed or
reached:
26 May 2011
6.Date on which issuer notified; 27 May 2011
7. Threshold(s) that is/are crossed or reached: 6%

8. Notified details:
+----------------------------------------------------------------------------+
|A) Voting rights attached to shares                                         |
+-------------+-----------------+--------------------------------------------+
|Class/type of|Situation        |Resulting situation after the triggering    |
|shares (if   |previous to the  |transaction                                 |
|possible     |Triggering       |                                            |
|using the    |transaction      |                                            |
|ISIN CODE)   +--------+--------+---------+----------------+-----------------+
|             |Number  |Number  |Number of|Number of voting|% of voting      |
|             |of      |of      |shares   |rights          |rights           |
|             |Shares  |Vo ing  +---------+------+---------+--------+--------+
|             |        |rights  |Direct   |Direct|Indirect |Direct  |Indirect|
+-------------+--------+--------+---------+------+---------+--------+--------+
|IE0033336516 |607,369 |480,631 |1,607,369|      |1,268,634|        |5.103%  |
+-------------+--------+--------+---------+------+---------+--------+--------+
|             |        |        |         |      |         |        |        |
+-------------+--------+--------+---------+------+---------+--------+--------+
|SUBTOTAL A   |607,369 |480,631 |1,607,369|       1,268,634|5.103%           |
|(based on    |        |        |         |                |                 |
|aggregate    |        |        |         |                |                 |
|voting       |        |        |         |                |                 |
|rights)      |        |        |         |                |                 |
+-------------+--------+--------+---------+----------------+-----------------+-+
|B) Financial Instruments                                                      |
+------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction                          |
+-------------+-----------+--------------------+-------------------+-----------+
|Type of      |Expiration |Exercise/Conversion |Number of voting   |% of voting|
|financial    |Date       | Period/ Date       |rights that may be |rights     |
|instrument   |           |                    |acquired if the    |           |
|             |           |                    |instrument is      |           |
|             |           |                    |exercised/converted|           |
+-------------+-----------+--------------------+-------------------+-----------+
|             |           |                    |                   |           |
+-------------+-----------+--------------------+-------------------+-----------+
|             |           |                    |                   |           |
+-------------+-----------+--------------------+-------------------+-----------+
                          |SUBTOTAL B (in      |                   |           |
                          |relation to all     |                   |           |
                          |expiration dates)   |                   |           |
                          +--------------------+-------------------+-----------+

+-------------+-------------------------+--------------------+
| Total (A+B) | number of voting rights | % of voting rights |
+-------------+-------------------------+--------------------+
|             | 1,268,634               | 5.103%%            |
+-------------+-------------------------+--------------------+

9.Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:




10.In case of proxy voting: [name of the proxy holder] will cease to hold
[number] voting rights as of [date].

 11. Additional information:

Done at Orion House, London on 27th May 2011.

Annex to the standard form TR-1
a)Identity of the person or legal entity subject to the notification obligation:
Full name (including legal form for legal  Marathon Asset Management LLP
entities)

Contact address (registered office for     Orion House, 5 Upper St. Martins
legal entities)                            Lane,
                                           London , WC2H 9EA

Phone number                               0044 (0)20 7497 2211

Other useful information (at least legal   Simon Davies
representative for legal persons)
b)Identity of the notifier, if applicable:
Full name                                               Simon Davies

Contact address                                         As Above

Phone number                                            As Above

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


+--------------------------------------------+-----------+
| Custodian                                  | Holding   |
+--------------------------------------------+-----------+
| Bank of New York                           | 26,896    |
+--------------------------------------------+-----------+
| BNP Paribas Securities Services, Australia | 2,752     |
+--------------------------------------------+-----------+
| BNP Paribas Securities Services, UK        | 13,113    |
+--------------------------------------------+-----------+
| Brown Brothers Harriman                    | 32,378    |
+--------------------------------------------+-----------+
| Citibank                                   | 13,585    |
+--------------------------------------------+-----------+
| Danske Bank                                | 19,422    |
+--------------------------------------------+-----------+
| JP Morgan Chase                            | 106,320   |
+--------------------------------------------+-----------+
| Mellon TRust                               | 338,267   |
+--------------------------------------------+-----------+
| National Australia Bank Limited            | 12,018    |
+--------------------------------------------+-----------+
| Northern Trust                             | 520,860   |
+--------------------------------------------+-----------+
| RBC Dexia                                  | 18,846    |
+--------------------------------------------+-----------+
| State Street Bank and Trust Company        | 416,660   |
+--------------------------------------------+-----------+
| HSBC                                       | 86,252    |
+--------------------------------------------+-----------+
|                                            | 1,607,369 |
+--------------------------------------------+-----------+







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Source: Irish Continental Group plc via Thomson Reuters ONE

[HUG#1519628]