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Company News: Press Releases

Anglo Irish Bank announces the placement of 15.25 million Ordinary shares

Anglo Irish Bank Corporation plc announces today (23rd January 2002) that it has placed 15.25 million ordinary Euro 0.32 shares in the marketplace raising approximately Euro 64 million.

The new shares will rank pari passu in all respects with the existing ordinary shares in issue.

The placement has been made in connection with possible private banking acquisitions in Continental Europe over the next 12/18 months.

-ends-

23rd January, 2002

For further information please contact:

William McAteer
Finance Director
Anglo Irish Bank Corporation plc

Tel: (353-1-6162000)

23 January 2002
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