14th Feb 2005 17:25
Allied Irish Banks PLC14 February 2005 For Immediate Release 14 February 2005 ALLIED IRISH BANKS, p.l.c. Sale and Leaseback of New Bankcentre Development Allied Irish Banks, p.l.c. ("AIB") (NYSE:AIB) today advises that it is indiscussions with a number of parties with a view to entering into a sale andleaseback transaction in relation to its new Bankcentre Development project. AIB confirms that it has initiated a process which may lead to contracts beingsigned by mid-year. AIB envisages that such a transaction would generate acapital benefit in the region of €100 million, which would be derived over anumber of years. -Ends- For further information please contact: Alan Kelly Catherine BurkeHead of Group Investor Relations Head of Corporate RelationsAIB Group AIB GroupBankcentre BankcentreBallsbridge BallsbridgeDublin 4 Dublin 4Tel: +353-1-6600311 ext. 12162 Tel: +353-1-6600311 ext. 13894 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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