30th Jan 2006 09:38
Allied Irish Banks PLC30 January 2006 FOR IMMEDIATE RELEASE 30 JANUARY, 2006 AIB ANNOUNCES COMPLETION OF ARK LIFE TRANSACTION Allied Irish Banks, p.l.c. ("AIB") (NYSE:AIB) announced on 22 November 2005 thatit had entered into a contract for a new bancassurance joint venture betweenHibernian Life & Pensions Limited ("Hibernian Life & Pensions"), the thirdlargest company in the Irish long-term savings market, and Ark Life AssuranceCompany Limited ("Ark Life"), the fourth largest, owned by Allied Irish Banks,p.l.c. ("AIB"). AIB today confirms the completion of this transaction, following the approval ofthe European Commission and the Financial Regulator. -ENDS- For further information please contact: Alan Kelly Catherine Burke Head of Group Investor Relations Head of Corporate Relations AIB Group AIB Group Bankcentre Bankcentre Dublin 4 Dublin 4 Tel: +353-1-6412162 Tel: +353-1-6413894 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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