Corporate Event: Governor and Company of the Bank of Ireland ("IRE") - Effective Monday, June 7,2010

The Governor and Company of the Bank of Ireland (“IRE”) announced a distribution of Rights to holders of

The Governor and Company of the Bank of Ireland Ordinary Shares. The Rights were not registered in the

United States and will not be distributed to holders of IRE American Depositary Shares (“ADS’s”). In lieu of

the Rights, The Bank of New York Mellon, as the agent for IRE, sold the rights in the home market and will

distribute the proceeds of the sale to IRE ADS Holders. The distribution is $1.017725 per ADS (gross rate of $1.037725 - $0.0200 Depositary Fee).

The ADS record date is May 17, 2010. The payable date is June 11, 2010.

The New York Stock Exchange (“NYSE”) has set June 7, 2010 as the ex-distribution date.

This corporate event will be coordinated with the Options Clearing Corporation.

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