Admission of Nil Paid Rights

McInerney Holdings PLC
27 February 2007







McInerney Holdings plc

27 February 2007





NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN





McInerney Holdings plc

('McInerney' or the 'Company')



Admission of Nil Paid Rights



For Immediate Release

27 February 2007



Further to the Rights Issue announced on 26 February 2007, McInerney Holdings
plc announces that, in accordance with the Prospectus dated 26 February 2007,
admission of the New Ordinary Shares to the Official List of the Irish Stock
Exchange and the Official List of the UK Listing Authority and to trading on the
main markets for listed securities of the Irish Stock Exchange and the London
Stock Exchange became effective and that dealings commenced, nil paid, in the
New Ordinary Shares at 8.00 a.m. today.  The latest time and date for acceptance
and payment in full under the Rights Issue is 11.00 a.m. on 20 March 2007.



The Prospectus is being made available to the public in Ireland and the United
Kingdom in accordance with Part 8 of the Prospectus (Directive 2003/71/EC)
Regulations 2005 (SI No. 324 of 2005) by the same being made available in
printed form until 11.00 a.m. on the 20 March 2007, being the latest time and
date for acceptance of the Rights Issue, free of charge, at the Company's
registered office and at the registered office of The Governor and Company of
the Bank of Ireland and in electronic form on the Company's website
(www.mcinerney.ie).



Definitions used in the Prospectus dated 26 February 2007 shall have the same
meanings when used in this announcement, unless the context requires otherwise.





Enquiries:



Telephone:

[phone]





IBI Corporate Finance Limited


Tom Godfrey

Brian Farrell



Media:

Weber Shandwick

Siobhan Molloy

[phone]

[phone]





The Directors of McInerney have taken all reasonable care to ensure that the
information contained in this announcement is, to the best of their knowledge,
in accordance with the facts and contains no omission likely to affect the
import of such information.



IBI Corporate Finance Limited, a subsidiary of The Governor and Company of the
Bank of Ireland (which is regulated in Ireland by the Financial Regulator), is
acting exclusively for McInerney, as sponsor and financial adviser in relation
to the Rights Issue and no one else in relation to the Rights Issue and will not
be responsible to anyone other than the Company for providing the protections
afforded to clients of IBI Corporate Finance Limited or for advising any other
person in relation to the Rights Issue or any other matter referred to in this
announcement.



The Governor and Company of the Bank of Ireland which is regulated in Ireland by
the Financial Regulator, is acting exclusively for McInerney, as underwriter in
relation to the Rights Issue and no one else in relation to the Rights Issue and
will not be responsible to anyone other than the Company for providing the
protections afforded to clients of The Governor and Company of the Bank of
Ireland or for advising any other person in relation to the Rights Issue or any
other matter referred to in this announcement.



This announcement is not for release, publication or distribution, directly or
indirectly, in whole or in part, in or into the United States (including its
territories and possessions, any state of the United States and the District of
Columbia). This announcement is not an offer of securities for sale into the
United States or in any jurisdiction in which such an offer or solicitation is
unlawful. The securities referred to in this announcement have not been and will
not be registered under the US Securities Act of 1933, as amended, and may not
be offered or sold in the United States, absent registration or an applicable
exemption from registration. No public offering of the securities will be made
in the United States.



This announcement does not constitute or form part of any offer or invitation to
sell or issue, or any solicitation of any offer to purchase or subscribe for,
the Nil Paid Rights, the Fully Paid Rights or the New Ordinary Shares being
issued in connection with the Rights Issue, in any jurisdiction or in any
circumstances in which such offer or solicitation is unlawful. The Nil Paid
Rights, the Fully Paid Rights, the New Ordinary Shares and the Provisional
Allotment Letters have not been, and will not be, registered under the
applicable securities laws of Canada, Australia or Japan. Accordingly, unless an
exemption under any applicable laws is available, the Nil Paid Rights, the Fully
Paid Rights, the New Ordinary Shares and the Provisional Allotment Letters may
not be offered, sold, transferred, taken up or delivered, directly or
indirectly, in Canada, Australia or Japan or any other country outside Ireland
or the United Kingdom where such distribution may otherwise lead to a breach of
any law or regulatory requirement.



Prices and values of, and income from, shares may go down as well as up and an
investor may not get back the amount invested. It should be noted that past
performance is no guide to future performance. Persons needing advice should
consult an independent financial adviser.



Certain statements made in this announcement constitute forward-looking
statements. Such statements are based on current expectations and, by their
nature, are subject to a number of risks and uncertainties that could cause
actual results and performance to differ materially from any expected future
results or performance expressed or implied by the forward-looking statement.
Furthermore, these forward-looking statements speak only as of the date of this
announcement.



The information and opinions contained in this announcement are subject to
change without notice and the Company assumes no responsibility or obligation to
update publicly or review any of the forward-looking statements contained
herein.









This announcement has been issued through the Companies Announcement Service of



                            The Irish Stock Exchange












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