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Tiger Global Mgmt. (AL.)

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Thursday 25 September, 2008

Tiger Global Mgmt.

Short Selling Disclosure: Clarification

Tiger Global Management, LLC
                  

                           TIGER GLOBAL MANAGEMENT LLC

             Press Release: Short selling disclosures, clarification

25 September 2008

1. Tiger Global Management, LLC ('Tiger') is a fund manager on behalf of the
following funds:

               i. Tiger Global, LP;

              ii. Tiger Global, LTD; and

             iii. Tiger Global II, LP.

                  together the 'Funds'.

2. Tiger, as fund manager of the Funds, has aggregated all short positions in
securities held by the Funds.

3. Yesterday (24 September 2008), Tiger made disclosures (the 'Disclosures') in
the following securities which displayed the aggregate position held by the
Funds (and not individual fund positions):

               i. Alliance & Leicester PLC;

              ii. Bradford & Bingley PLC;

             iii. Irish Life & Permanent PLC;

              iv. Bank of Ireland; and

               v. Anglo Irish Bank Corp PLC.

                 together the 'Securities'.

4. The individual positions detailed in these Disclosures relate to the
positions held on various dates (which are detailed in the Disclosures) across
the Funds (and are not separate positions). They should not be aggregated.
Therefore the correct aggregate positions across the Funds were:

-0-
*T
Security                       Date                           Short Position
------------------------------ ------------------------------ ------------------------------
Alliance & Leicester PLC             19 September 2008                    1.84%
                               ------------------------------ ------------------------------
                                     22 September 2008                    1.57%
                               ------------------------------ ------------------------------
                                     23 September 2008                    1.47%
------------------------------ ------------------------------ ------------------------------
Bradford & Bingley PLC               19 September 2008                    1.04%
                               ------------------------------ ------------------------------
                                     22 September 2008                    1.04%
                               ------------------------------ ------------------------------
                                     23 September 2008                    1.04%
------------------------------ ------------------------------ ------------------------------
*T

-0-
*T
Irish Life & Permanent PLC           22 September 2008                    1.31%
                               ------------------------------ ------------------------------
                                     23 September 2008                    1.31%
------------------------------ ------------------------------ ------------------------------
Bank of Ireland                      22 September 2008                    0.88%
                               ------------------------------ ------------------------------
                                     23 September 2008                    0.88%
------------------------------ ------------------------------ ------------------------------
Anglo Irish Bank Corp PLC            22 September 2008                    0.78%
                               ------------------------------ ------------------------------
                                     23 September 2008                    0.78%
------------------------------ ------------------------------ ------------------------------
*T

5. Tiger has today made individual short selling disclosures relating to the
Securities detailing the aggregate short position held across the Funds as at 24
September 2008.
                                           

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