Irish Continental Group plc : Holding(s) in Com...

20 June 2012

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:
Franklin Templeton Institutional, LLC
4.   Full name of shareholder(s) (if different from 3.):
J.P. Morgan Bank (Ireland) Plc
Allied Irish Bank
Northern Trust Corporation London
State Street Bank and Trust Co.
Royal Bank of Scotland
5.   Date of the transaction and date on which the threshold is crossed or reached:
June 18, 2012
6.   Date on which issuer notified;
June 20, 2012
7.   Threshold(s) that is/are crossed or reached:
9% - **see note below

8.   Notified details:

A) Voting rights attached to shares
Class/type of shares (if possible using the ISIN CODE)	Situation previous to the Triggering transaction		Resulting situation after the triggering transaction
	Number of Shares	Number of Voting rights	Number of shares	Number of voting rights		% of voting rights
			Direct	Direct	Indirect	Direct	Indirect
Unit EUR NPV .65 ISIN IE0033336516	1,817,378	1,817,378			2,193,933	9.07%
SUBTOTAL A (based on aggregate voting rights)	1,817,378	1,817,378		2,193,933		9.07%

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

Total (A+B)	number of voting rights	% of voting rights
2,193,933	2,193,933	9.07%

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 Fort Lauderdale, USA on 20 June 2012.

**Per announcement made by Irish Continental Group plc on 18 June 2012, regarding the cancellation of 700,000 ICG units representing 2.8% of the previously issued shares, this then caused the holdings under management of Franklin Templeton Institutional, LLC to cross the respective 8% and 9% thresholds.

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Source: Irish Continental Group plc via Thomson Reuters ONE

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