Holding(s) in Company

Irish Continental Group PLC
31 December 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 31st  December 2004, the Company received notification that
Allied Irish Banks plc and its subsidiaries has a notifiable interest in
2,603,382 ICG Units, representing 11.1% of the Company's issued share capital,
excluding treasury shares.

The breakdown of registered holders has been notified as follows:

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

BNY Custodial Nominees (Ireland) Ltd (A/C 184321) ............290,713

BNY Custodial Nominees (Ireland) Ltd (A/C 184224)..............22,756

BNY Custodial Nominees (Ireland) Ltd (A/C 184344)...............9,391

BNY Custodial Nominees (Ireland) Ltd (A/C 184219)...............6,810

BNY Custodial Nominees (Ireland) Ltd (A/C 184235)............ 555,348

BNY Custodial Nominees (Ireland) Ltd (A/C 184316)..............29,744

BNY Custodial Nominees (Ireland) Ltd (A/C 184346)...............6,488

BNY Custodial Nominees (Ireland) Ltd (A/C 184347)...............1,416

BNY Custodial Nominees (Ireland) Ltd (A/C 184615)..............19,267

BNY Custodial Nominees (Ireland) Ltd (A/C 184620)...............6,033

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

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

Goodbody Stockbroker Nominees Ltd...........................1,545,926

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

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

Alibank Nominees Limited  (A/C T00018)..........................2,800

Alibank Nominees Limited  (A/C T08389)..........................2,650



___________________________

31st  December 2004


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