AIB to sell its shareholding in Goodbody Holdings

AIB to sell its shareholding in Goodbody Holdings Limited

Allied Irish Banks, p.l.c. ("AIB") [NYSE: AIB] today announces that it has signed an agreement to sell its entire shareholding in Goodbody Holdings Limited and associated companies, including Goodbody Stockbrokers ("the Group"), to Fexco Holdings Limited ("Fexco") for a cash consideration of approximately €24m. This is subject to a net asset adjustment for the period up to completion. If the Group is sold for cash within the three year period following completion for a price in excess of that paid by Fexco or if certain assets of the Group are realised for cash within a similar period, additional consideration, subject to a cap, may be payable.

Completion of the transaction is conditional upon obtaining certain regulatory approvals. The positive impact on AIB Group's capital position as a result of the transaction is not material.

-ENDS-

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