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

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Thursday 16 June, 2011

Allied Irish Banks, p.l.c.

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






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Allied Irish Banks, p.l.c. ("AIB")
[NYSE:AIB]                                       For Immediate Release
16(th)  June 2011



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

                         any and all of its outstanding


  £350,000,000 Subordinated Callable Fixed/Floating Rate Notes due 2030 (ISIN:
                                 XS0180778507)
                          (the "2030 Sterling Notes")

   U.S.$400,000,000 Dated Callable Step-Up Subordinated Notes due 2015 (ISIN:
                                 XS0197993875)
                           (the "2015 Dollar Notes")

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

  £500,000,000 Subordinated Callable Fixed/Floating Rate Notes due 2025 (ISIN:
                                 XS0214107053)
                          (the "2025 Sterling Notes")

 €500,000,000 Callable Subordinated Step-Up Floating Rate Notes due 2017 (ISIN:
                                 XS0232498393)
                     (the "2017 Euro Floating Rate Notes")

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

     £368,253,000 12.5 per cent. Subordinated Notes due 25 June 2019 (ISIN:
                                 XS0435957682)
                          (the "2019 Sterling Notes")

     €868,518,000 12.5 per cent. Subordinated Notes due 25 June 2019 (ISIN:
                                 XS0435953186)
                            (the "2019 Euro Notes")

 €419,070,000 10.75 per cent. Subordinated Notes due 2017 (ISIN: XS0498532117)
                            (the "2017 Euro Notes")

      U.S.$177,096,000 10.75 per cent. Subordinated Notes due 2017 (ISIN:
                                 XS0498530178)
                           (the "2017 Dollar Notes")

£1,096,645,000 11.50 per cent. Subordinated Notes due 2022 (ISIN: XS0498531069)
                          (the "2022 Sterling Notes")

€200,000,000 Perpetual Subordinated Callable Step-Up Notes (ISIN: XS0100325983)
                          (the "Perpetual Euro Notes")

£400,000,000 Perpetual Callable Step-Up Subordinated Notes (ISIN: XS0227409629)
                        (the "Perpetual Sterling Notes")

     €500,000,000 7.50 per cent. Step-Up Callable Perpetual Reserve Capital
                        Instruments (ISIN: XS0120950158)
                             (the "Perpetual RCIs")

  U.S.$100,000,000 Subordinated Primary Capital Perpetual Floating Rate Notes
                              (ISIN: IE0000189625)
 (the "Perpetual Dollar Notes" and, together with the 2030 Sterling Notes, the
                               2015 Dollar Notes,
the 2015 Euro Notes, the 2025 Sterling Notes, the 2017 Euro Floating Rate Notes,
the 2023 Sterling Notes, the 2019 Sterling Notes, the 2019 Euro Notes, the 2017
 Euro Notes, the 2017 Dollar Notes, the 2022 Sterling Notes, the Perpetual Euro
    Notes, the Perpetual Sterling Notes and the Perpetual RCIs, the "Notes")
                                      and


                         any and all of the outstanding


 AIB UK I LP €1,000,000,000 Fixed Rate/Floating Rate Guaranteed Non-voting Non-
                                   cumulative
 Perpetual Preferred Securities having the benefit of a subordinated guarantee
               of Allied Irish Banks, p.l.c. (ISIN: XS0208105055)
                              (the "AIB UK I PPS")

  AIB UK 2 LP €500,000,000 Fixed Rate/Floating Rate Guaranteed Non-voting Non-
                                   cumulative
 Perpetual Preferred Securities having the benefit of a subordinated guarantee
               of Allied Irish Banks, p.l.c. (ISIN: XS0257734037)
                              (the "AIB UK 2 PPS")


  AIB UK 3 LP £350,000,000 Fixed Rate/Floating Rate Guaranteed Non-voting Non-
                                   cumulative
 Perpetual Preferred Securities having the benefit of a subordinated guarantee
               of Allied Irish Banks, p.l.c. (ISIN: XS0257571066)
 (the "AIB UK 3 PPS" and, together with the AIB UK I PPS and the AIB UK 2 PPS,
                                   the "PPS")
 ALLIED IRISH BANKS, P.L.C. AND AIB G.P. No. 1 LIMITED ANNOUNCE THE RESULTS OF
               THE MEETINGS OF HOLDERS OF THE ABOVE NOTES AND PPS


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 Bank also announced that it was inviting holders (subject to the invitation
restrictions set out in the Tender and Consent Memorandum) to tender any and all
of the PPS for purchase by the Bank for cash.

In addition on the same date, AIB G.P. No. 1 Limited ("AIB GP") announced that
it was inviting all holders of the PPS (subject to the invitation restrictions
set out in the Tender and Consent Memorandum) to consent (the "LP Consent
Invitation" and together with the AIB Consent Invitation, the "Consent
Invitations" and each a "Consent Invitation") to certain modifications of the
terms of the PPS (together with the Bank's invitation to such holders, the "LP
Offer" and together with the AIB Offer, the "Offers" and each an "Offer").

The Offers were 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 or PPS, as
applicable, each of the Bank (in respect of the Notes) and AIB GP (in respect of
the  PPS)  invited  holders  of  each  Series  of  Notes and PPS (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 and/or  PPS (and the  guarantees in respect of the
PPS) 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 aggregate nominal amount of each Series of Notes
(other than the 2015 Euro Notes, the 2023 Sterling Notes and the 2017 Euro
Notes, together the "Delayed Settlement Notes") and PPS accepted for purchase
pursuant to the relevant Offer.


The Bank and AIB GP announce whether the Extraordinary Resolutions in relation
to each Series of Notes (other than the Delayed Settlement Notes) and PPS have
passed.



Description of    Common        Outstanding       Aggregate        Results of
the Notes         code/ISIN     nominal amount    nominal amount   the
                                prior to          of Notes         Extraordinary
                                settlement of the accepted for     Resolutions
                                AIB Offer         purchase         in respect of
                                                                   the Notes

£350,000,000      018077850/    £145,000          £145,000         Passed
Subordinated      XS0180778507
Callable
Fixed/Floating
Rate   Notes  due
2030

U.S.$400,000,000  019799387/    U.S.$39,316,000   U.S.$38,359,000  Passed
Dated    Callable XS0197993875
Step-Up
Subordinated
Notes due 2015

£500,000,000      021410705/    £1,261,000        £125,000         Not passed
Subordinated      XS0214107053
Callable
Fixed/Floating
Rate Notes due
2025

€500,000,000      023249839/    €75,215,000       €49,930,000      Meeting
Callable          XS0232498393                                     adjourned for
Subordinated                                                       want of a
Step-Up Floating                                                   quorum
Rate Notes due
2017

£368,253,000      043595768/    £215,963,000      £41,103,000      Not passed
12.5 per cent.    XS0435957682
Subordinated
Notes due 25 June
2019

€868,518,000      043595318/    €628,448,000      €588,498,000     Passed
12.5 per cent.    XS0435953186
Subordinated
Notes due 25 June
2019

U.S.$177,096,000  049853017/    U.S.$108,105,000  $93,510,000      Passed
10.75 per cent.   XS0498530178
Subordinated
Notes due 2017

£1,096,645,000    049853106/    £385,344,000      £384,294,000     Passed
11.50 per cent.   XS0498531069
Subordinated
Notes due 2022

€200,000,000      010032598/    €53,793,000       €53,515,000      Passed
Perpetual         XS0100325983
Subordinated
Callable Step-Up
Notes

£400,000,000      022740962/    £58,608,000       £58,558,000      Passed
Perpetual         XS0227409629
Callable Step-Up
Subordinated
Notes

€500,000,000      0120950515/   €240,435,000      €229,509,000     Passed
7.50 per cent.    XS0120950158
Step-Up Callable
Perpetual Reserve
Capital
Instruments

U.S.$100,000,000  001056093/    U.S.$100,000,000  $98,980,000      Passed
Subordinated      IE000018962
Primary Capital
Perpetual
Floating Rate
Notes





Description of    Common          Outstanding     Aggregate      Results of the
the PPS           code/ISIN       nominal amount  nominal amount Extraordinary
                                  prior to        of PPS validly Resolutions in
                                  settlement of   tendered       respect of the
                                  the LP Offer                   PPS

AIB UK I LP       020810505/      €191,398,000    €187,390,000   Passed
€1,000,000,000    XS0208105055
Fixed
Rate/Floating
Rate Guaranteed
Non-voting Non-
cumulative
Perpetual
Preferred
Securities

AIB UK 2 LP       025773403/      €95,041,000     €94,624,000    Passed
€500,000,000      XS0257734037
Fixed
Rate/Floating
Rate Guaranteed
Non-voting Non-
cumulative
Perpetual
Preferred
Securities

AIB UK 3 LP       025757106/      £36,728,000     £36,728,000    Passed
£350,000,000      XS0257571066
Fixed
Rate/Floating
Rate Guaranteed
Non-voting Non-
cumulative
Perpetual
Preferred
Securities

Payment of the Purchase Price in respect of Notes (other than the Delayed
Settlement Notes) and PPS validly tendered in the relevant Offer and accepted
for purchase is expected to be made on Friday, 17 June 2011.
GENERAL

Holders are advised to read carefully the Tender and Consent Memorandum for full
details of, and information on, the Offers. Requests for information in relation
to the Offers 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 Offers 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 or PPS.






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#1524135] 
  



                                                                     

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