Revised Scheme Document

Irish Continental Group PLC
10 September 2007


                                        
                                10 September 2007
                                        
              Irish Continental Group plc ('ICG' or the 'Company')


Revised scheme document regarding the recommended revised acquisition of ICG by
Aella plc posted to shareholders

The Company announces that the document in relation to the recommended revised
acquisition for cash of the entire issued and to be issued share capital of ICG
by Aella plc for cash consideration of €24.00 per ICG Unit (the 'Revised Scheme
Document') was posted to ICG shareholders today.

The Revised Scheme Document sets out details of various aspects of the revised
acquisition which require the approval of ICG shareholders at two reconvened
court meetings (the 'Reconvened Court Meeting(s)') and a reconvened
extraordinary general meeting (the 'Reconvened EGM') which will all take place
at The Clarion Hotel Dublin IFSC, International Financial Services Centre,
Dublin 1 on 26 September 2007 with the reconvened first court meeting commencing
at 2.30 pm, the reconvened second court meeting commencing at 2.45 pm (or as
soon thereafter as the reconvened first court meeting has concluded or been
adjourned), and the Reconvened EGM commencing at 3.00 pm (or as soon thereafter
as the reconvened second court meeting has concluded or been adjourned).

The forms of proxy for the Reconvened Court Meetings and the Reconvened EGM
relating to the recommended revised acquisition which accompany the Revised
Scheme Document sent to ICG shareholders should be returned to Computershare
Investor Services (Ireland) Limited no later than 48 hours prior to the
commencement of the appropriate meeting. If the forms of proxy for the
Reconvened Court Meetings are not lodged 48 hours prior to the commencement of
the meetings they may be handed to the chairman of the relevant Reconvened Court
Meeting before the start of that meeting. The completion and return of a form of
proxy for any of the meetings will not prevent ICG shareholders from attending
and voting at the meetings in person if they wish to do so.

The Revised Scheme Document also contains notice for a second extraordinary
general meeting (the 'Second EGM'), also to held at The Clarion Hotel Dublin
IFSC, International Financial Services Centre, Dublin 1 commencing at 3.15 pm,
or if later immediately following the conclusion or adjournment of the
Reconvened EGM. The purpose of the Second EGM is to seek shareholder approval
for certain amendments to the ICG 1988 Share Option Scheme, a full description
of which is provided in the Revised Scheme Document.


Enquiries

NCB Corporate Finance Telephone [phone]
Liam Booth
Jonathan Simmons
Shane Lawlor


Goodbody Corporate Finance Telephone [phone]
Brian O'Kelly
Finbarr Griffin
David Kearney

The directors of Irish Continental Group plc and Aella plc accept responsibility
for the information contained in this announcement. To the best of their
knowledge and belief (having taken all reasonable care to ensure that such is
the case), the information contained in this announcement for which they take
responsibility is in accordance with the facts and does not omit anything likely
to affect the import of such information.

NCB Corporate Finance Limited, which is authorised in Ireland by the Financial
Regulator under the Investment Intermediaries Act 1995, is acting exclusively
for Irish Continental Group plc and no one else in connection with the
acquisition and will not be responsible to anyone other than Irish Continental
Group plc for providing the protections afforded to clients of NCB Corporate
Finance Limited or for providing advice in relation to the acquisition, the
contents of this announcement or any transaction or arrangement referred to
herein.

Goodbody Corporate Finance, which is authorised in Ireland by the Financial
Regulator under the Investment Intermediaries Act 1995, is acting exclusively
for Aella plc and no one else in connection with the acquisition and will not be
responsible to anyone other than Aella plc for providing the protections
afforded to customers of Goodbody Corporate Finance or for providing advice in
relation to the acquisition, the contents of this announcement or any
transaction or arrangement referred to herein.




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