Result of Rights Issue

McInerney Holdings PLC
21 March 2007


McInerney Holdings PLC
21 March 2007


For immediate release



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





                             McInerney Holdings PLC

                         ('McInerney' or the 'Company')

Result of Rights Issue

McInerney Holdings PLC today announces that it has received valid acceptances in respect of 6,343,114 New Ordinary 
Shares, representing approximately 95.0 per cent. of the total number of New Ordinary Shares offered to Qualifying 
Shareholders pursuant to the 1 for 5 rights issue announced by McInerney on 26 February 2007 (the 'Rights Issue').  A 
total of 6,676,114 New Ordinary Shares were offered to Qualifying Shareholders in the Rights Issue, which closed at 
11.00 a.m. on 20 March 2007.

In accordance with the arrangements set out in Part 10 of the prospectus dated 26 February 2007 relating to the Rights 
Issue (the 'Prospectus'), The Governor and Company of the Bank of Ireland will seek to procure subscribers for the 
remaining 333,000 New Ordinary Shares which were not validly taken up in the Rights Issue.

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


Enquiries:
                       Telephone:



IBI Corporate Finance Limited
                        [phone]

Tom Godfrey

Brian Farrell




Weber Shandwick
                               [phone]

Siobhan Molloy
                                 [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 lead to a breach of any law or regulatory requirement.



This announcement has been issued through the Companies Announcement Service of

                           The Irish Stock Exchange.




                      This information is provided by RNS
            The company news service from the London Stock Exchange