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Allied Irish Banks, p.l.c. (ALBK)

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Friday 01 July, 2011

Allied Irish Banks, p.l.c.

Allied Irish Banks, p.l.c. ("AIB") - ...

 For Immediate Release   1 July 2011

                       Allied Irish Banks, p.l.c. ("AIB")

 Subordinated Liabilities Order issued by the High Court of Ireland on 14 April

Allied  Irish Banks  p.l.c. ("AIB")  [NYSE:AIB] notes  today's settlement of the
proceedings  before the High  Court of Ireland  (the "Court") involving Aurelius
Capital  Master  Ltd  (and  related  parties)  and  the  Minister for Finance of
Ireland.  The Court has  today declared that  the subordinated liabilities order
issued   by   the   Court   on   14 April  2011 under  the  Credit  Institutions
(Stabilisation)  Act 2010 (the "SLO") in respect of (i) AIB's £368,253,000 12.5
per  cent.  Subordinated  Notes  due  25 June 2019 (ISIN: XS0435957682) and (ii)
AIB's   €868,518,000   12.5 per   cent.   Subordinated   Notes  due  2015 (ISIN:
XS0435953186)  (together, the "Subordinated Liabilities") is effective as of 22
April 2011 to amend the terms of the Subordinated Liabilities as follows:

(i)  any interest that may fall due on  such liabilities will only be payable at
the option of AIB (in its sole discretion); and

(ii)  the maturity  date of  each such  liability has  been extended to 25  June

Further  to  AIB's  announcement  of  22 June  2011 and  in  accordance with the
amendments  effected by  the SLO,  no payment  of interest which would otherwise
have  been  due  on  25 June  2011 will  be  made  by  AIB  in  relation  to the
£368,253,000   12.5 per   cent.   Subordinated  Notes  due  25 June  2019 (ISIN:

AIB  notes that the SLO is now effective as from 22 April 2011 in respect of all
18 series  of Notes which were the subject  of the Tender and Consent Memorandum
dated 13 May 2011 issued by AIB.


For further information please contact:
 Alan Kelly                                  Ronan Sheridan

 Director of Corporate Affairs & Marketing   Group Press Officer

 AIB Group                                   AIB Group

 Dublin                                      Dublin

 Tel: +353-1-6412162                         Tel: +353-1-6414651

 email: [email protected]                  email: [email protected]

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     originality of the information contained therein. 
Source: Allied Irish Banks, p.l.c. via Thomson Reuters ONE



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