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

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Thursday 21 July, 2011

Allied Irish Banks, p.l.c.

ALLIED IRISH BANKS, P.L.C. ANNOUNCES THE PRELIM...






Allied Irish Banks, p.l.c. ("AIB")[NYSE:AIB]

                                                           For Immediate Release
                                                                    21 July 2011


 ALLIED IRISH BANKS, P.L.C. ANNOUNCES THE PRELIMINARY RESULTS OF ITS OFFERS TO
                               PURCHASE FOR CASH

                         any and all of its outstanding

    €400,000,000 Subordinated Callable Step-Up Floating Rate Notes due 2015
                              (ISIN: XS0208845924)
                            (the "2015 Euro Notes")

 £700,000,000 Callable Dated Subordinated Fixed to Floating Rate Notes due July
                                      2023
                              (ISIN: XS0368068937)
                          (the "2023 Sterling Notes")

            €419,070,000 10.75 per cent. Subordinated Notes due 2017
                              (ISIN: XS0498532117)
  (the "2017 Euro Notes" and, together with the 2015 Euro Notes and the 2023
                                Sterling Notes,
                                  the "Notes")

On 13 May 2011, Allied Irish Banks, p.l.c. (the "Bank") announced that it was
inviting all holders of the Notes (subject to the invitation restrictions set
out in the Tender and Consent Memorandum (as defined below)) to (i) tender any
and all of the Notes for purchase by the Bank for cash, and (ii) consent (the
"AIB Consent Invitation") to certain modifications of the terms of the Notes
(together, the "AIB Offer").

The AIB Offer was made upon the terms and subject to the conditions contained in
the tender and consent memorandum dated 13 May 2011 (the "Tender and Consent
Memorandum").

In  conjunction with the invitation to tender any and all of the Notes, the Bank
invited  holders of each Series of Notes (subject to the invitation restrictions
set  out in the Tender and Consent Memorandum) to consider, and, if thought fit,
pass, the relevant Extraordinary Resolution (each an "Extraordinary Resolution")
in relation to certain modifications of the terms of each Series of the Notes as
further described in the Tender and Consent Memorandum.

This announcement is made in accordance with the Tender and Consent Memorandum.
Capitalised terms used and not otherwise defined in this announcement have the
meaning given in the Tender and Consent Memorandum.

The Bank hereby announces the provisional aggregate nominal amount of each
Series of Notes validly tendered pursuant to the relevant AIB Offer as set out
in the table below.

Description of the    Common code/ISIN Outstanding         Provisional aggregate
Notes                                  nominal amount      nominal amount of
                                       prior to settlement Notes validly
                                       of the AIB Offer    tendered

€400,000,000          020884592/       €48,534,000         €47,936,000
Subordinated Callable XS0208845924
Step-Up Floating Rate
Notes due 2015

£700,000,000 Callable 036806893/       £35,357,000         £35,350,000
Dated Subordinated    XS0368068937
Fixed to Floating
Rate Notes due July
2023

€419,070,000 10.75    049853211/       €217,920,000        €208,705,000
per cent.             XS0498532117
Subordinated Notes
due 2017



If the Bank accepts the Notes validly tendered for purchase, the Bank expects
that the tender offer and related consent invitation launched on 13 May 2011 (as
set out in the Tender and Consent  Memorandum) in respect of eighteen series of
securities issued by the Bank, AIB UK 1 LP, AIB UK 2 LP and AIB UK 3 LP will
generate approximately €2.0bn of Core Tier 1 capital following completion of the
AIB Offer.

As soon as reasonably practicable after conclusion of the Meetings on Friday,
22 July 2011, the Bank expects to announce whether (i) it accepts for purchase
Notes validly tendered in the relevant AIB Offer and the aggregate nominal
amount (if any) of Notes of each Series accepted for purchase, and (ii) the
Extraordinary Resolutions in relation to the Notes have been passed.

Payment of the Purchase Price in respect of Notes validly tendered in the
relevant AIB Offer and accepted for purchase is expected to be made on Monday,
25 July 2011.

GENERAL

Holders are advised to read carefully the Tender and Consent Memorandum for full
details of, and information on, the AIB Offer. Requests for information in
relation to the AIB Offer should be directed to the Dealer Manager:

                 THE DEALER MANAGER

            J.P. Morgan Securities Ltd.
                  125 London Wall
                  London EC2Y 5AJ
                   United Kingdom

           For information by telephone:
                +44 (0) 20 7779 2468
      Attention: Ryan O'Grady - FIG Syndicate
           Email:[email protected]

           For information by telephone:
                +44 (0) 20 7777 1333
 Attention: Sebastien Bamsey - Liability Management
       Email:[email protected]




Requests for information, documents or materials relating to the AIB Offer
should be directed to the Tender and Tabulation Agent:

        THE TENDER AND TABULATION AGENT

         Lucid Issuer Services Limited
                  Leroy House
                 436 Essex Road
                 London N1 3QP
                 United Kingdom

 For information by telephone: +44 20 7704 0880
 For information by facsimile: +44 20 7067 9098
     Attention: Yves Theis / David Shilson
             Email:[email protected]



This announcement must be read in conjunction with the Tender and Consent
Memorandum.

This announcement does not constitute an offer to sell or buy or the
solicitation of an offer to sell or buy the Notes.







This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
    
Source: Allied Irish Banks, p.l.c. via Thomson Reuters ONE

[HUG#1532796] 
  



                                                                                    

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