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Issue of Debt

28th Feb 2006 15:04

Allied Irish Banks PLC28 February 2006 FOR IMMEDIATE RELEASE 28 February, 2006 ALLIED IRISH BANKS, p.l.c. - Euro denominated Covered Bond Allied Irish Banks, p.l.c. ("AIB") (NYSE:AIB) has mandated AIB Global Treasury,Barclays Capital, Deutsche Bank and Morgan Stanley to lead manage its upcominginaugural benchmark Euro denominated ACS (covered bond) transaction. Thetransaction will have expected ratings of Aaa/AAA/AAA and will be launchedfollowing a European roadshow, subject to market conditions. Co-managers areCitigroup, DZ Bank, HVB, LBBW and UBS. FSA/ICMA stabilisation. -ENDS- For further information please contact:Duncan FarquharChief Dealer, FundingAIB Capital MarketsI.F.S.C.Dublin 1Tel: +353-1-6417811Email: [email protected] This information is provided by RNS The company news service from the London Stock Exchange

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