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

8 December 2015

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: Lucerne Capital Management, L.P.
4. Full name of shareholder(s) (if different from 3.):
5. Date of the transaction and date on which the threshold is crossed or reached:
6. Date on which issuer notified; 07 / 12 / 2015
7. Threshold(s) that is/are crossed or reached: 3%
8. Notified details:    07 / 12 / 2015

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 sharesx	Number of voting rights		% of voting rights
			Direct	Direct	Indirect	Direct	Indirect
IE00BLP58571	5,655,104	5,655,104	5,279,902	5,279,902		2.84%
SUBTOTAL A (based on aggregate voting rights)	5,655,104	5,655,104	5,279,902	5,279,902		2.84%

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
Equity	N/A	N/A	N/A	N/A
		SUBTOTAL B (in relation to all expiration dates)	N/A	N/A

Total (A+B)	number of votingrights	% of voting rights
	5,279,902	2.84%

         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 [place] on [date].

a)         Identity of the person or legal entity subject to the notification obligation:

Full name (including legal form for legal entities)	Lucerne Capital Management, L.P.
Contact address (registered office for legal entities)	35 Mason Street Greenwich, Connecticut 06830
Phone number	+1 203 983 4450
Other useful information (at least legal representative for legal persons)

b)         Identity of the notifier, if applicable:

Full name	Casey De Simone
Contact address	35 Mason Street Greenwich, Connecticut 06830
Phone number	+1 203 983 4450
Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation)

c)         Additional information

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Source: Irish Continental Group plc via Globenewswire

HUG#1972267