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Anglo Irish Bank Announces New Board Appointments

The Board of Anglo Irish Bank Corporation plc today, 12 November 2001, announced that Mr Peter Murray will succeed Mr Tony O’Brien as Chairman when Mr O’Brien retires following the conclusion of his term of office at the Annual General Meeting in January 2002. Mr Murray has been a non-executive Director of Anglo Irish Bank since November 1993. He is a Fellow of the Institute of Chartered Accountants and is a Director of a number of companies in Ireland and overseas.

Mr O’Brien was appointed Chairman of the Board in January 1999, having joined the Board in March 1997.

The Board also announced the appointment of Mr Ned Sullivan as a non-executive Director. Mr Sullivan is the former Chief Executive of Glanbia plc and held a number of senior management positions in Grand Metropolitan plc.

Mr William McCann, a non-executive Director who joined the Board in October 1998, retires following the conclusion of his term of office.

Commenting on the Board changes Mr Sean Fitzpatrick, Group Chief Executive, said: “We are very grateful for the significant contributions made by both Tony O’Brien and Billy McCann to the Board of the Bank. Their stewardship and counsel has been invaluable as the Bank has grown and prospered. We are pleased to have a successor the calibre of Peter Murray to assume the role of Chairman when Tony retires from the Board in January. We are also pleased to welcome Ned Sullivan to the Board. Ned’s experience and expertise will undoubtedly benefit the Bank and we look forward to his contribution.

-ends-

For information, please contact:

Sean FitzPatrick
Group Chief Executive
Anglo Irish Bank Corporation plc
Tel: +3531 616 2000

12 November 2001
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