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

1 November 2011

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:

 Ameriprise Financial Inc

4.         Full name of shareholder(s) (if different from 3.):

Threadneedle Asset Management Holdings Ltd

5.         Date of the transaction and date on which the threshold is crossed or
reached

27/10/11

6.         Date on which issuer notified;

28/10/11

7.         Threshold(s) that is/are crossed or reached:  4%

8.         Notified details:

+------------------------------------------------------------------------------+
|A) Voting rights attached to shares                                           |
+-------------+---------------------+------------------------------------------+
|Class/type of|Situation previous to|Resulting situation after the triggering  |
|shares (if   |the Triggering       |transaction                               |
|possible     |transaction          |                                          |
|using the    +----------+----------+-------+------------------+---------------+
|ISIN CODE)   |Number of |Number of |Number |Number of voting  |% of voting    |
|             |Shares    |Voting    |of     |rights            |rights         |
|             |          |rights    |shares |                  |               |
|             |          |          +-------+------+-----------+------+--------+
|             |          |          |Direct |Direct|Indirect   |Direct|Indirect|
+-------------+----------+----------+-------+------+-----------+------+--------+
|             |          |          |       |      |           |      |        |
|             |          |          |       |      |1,999,858  |      |8.044%  |
|IE0033336516 |1,766,781 |1,766,781 |0      |0     |           |      |        |
|             |          |          |       |      |           |0%    |        |
+-------------+----------+----------+-------+------+-----------+------+--------+
|SUBTOTAL     |          |          |       |                  |               |
|A (based on  |          |          |       |                  |               |
|aggregate    |1,766,781 |1,766,781 |0      |1,999,858         |8.044%         |
|voting       |          |          |       |                  |               |
|rights)      |          |          |       |                  |               |
+-------------+----------+----------+-------+------------------+---------------+

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

+-------------+-------------------------+--------------------+
| Total (A+B) | number of voting rights | % of voting rights |
+-------------+-------------------------+--------------------+
|             |                         |                    |
|             | 1,999,858               | 8.044%             |
+-------------+-------------------------+--------------------+

9.         Chain of controlled undertakings through which the voting rights
and/or the financial instruments are effectively held, if applicable:

Ameriprise Financial, Inc., which through intermediate holding companies
controls the voting rights of Columbia Management Investment Advisers LLC,
Columbia Wagner Asset Management LLC, Threadneedle Management Luxembourg S.A.
and Threadneedle Asset Management Holdings Ltd, which itself controls the voting
rights of Threadneedle Asset Management Ltd, Threadneedle International Ltd and
Threadneedle Pensions Ltd.

Threadneedle Asset Management Holdings Ltd - 1,999,858 Shares

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 Threadneedle Asset Management Holdings Ltd, Holbrook House, Station
Road, Swindon SN1 1NH on 28/10/2011









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Source: Irish Continental Group plc via Thomson Reuters ONE

[HUG#1559781]