29th May 2008 07:00
Not for release or distribution, directly or indirectly, in or into the United States or any jurisdiction in which such release or distribution would be unlawful.
ALLIED IRISH BANKS PLC
Stabilisation Notice
Lehman Brothers International (Europe) (contact: Alex Menounos; telephone: 020 7103 8610) hereby gives notice that the Stabilising Managers named below may stabilise the offer of the following securities in accordance with Commission Regulation (EC) No. 2273/2003 of 22 December 2003 implementing the Market Abuse Directive (2003/6/EC).
The securities:
Issuer: Allied Irish Banks plc
Aggregate nominal amount: £700,000,000
Description: Callable Subordinated Fixed to Floating Rate Notes due July 2023
Offer price: + 250 basis points over Mid Swaps
Stabilisation:
Stabilising Managers: HSBC Bank plc of 8 Canada Square, London, E14 5HQ, Lehman Brothers International (Europe) of 25 Bank Street, London, E14 5LE and Morgan Stanley & Co. International plc of 20 Bank Street , Canary Wharf, London, E14 4ADStabilisation period expected to start on: 28 May, 2008
Stabilisation period expected to end no later than: 27 June, 2008 (30 days after the proposed issue date of the securities)
Maximum size of over-allotment facility: 5% of the aggregate nominal amount stated above
Offering Circular:
Debt Issuance Programme Prospectus dated 14 September 2007 relating to these securities is available.
In connection with the offer of the above securities, the Stabilising Managers may over-allot the securities or effect transactions with a view to supporting the market price of the securities at a level higher than that which might otherwise prevail. However, there is no assurance that the Stabilising Managers will take any stabilisation action and any stabilisation action, if begun, may be ended at any time.
This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.
To the extent that the offer of the securities is made in any EEA Member State that has implemented Directive 2003/71/EC (together with any applicable implementing measures in any Member State, the "Prospectus Directive") before the date of publication of a prospectus in relation to the securities which has been approved by the competent authority in that Member State in accordance with the Prospectus Directive (or, where appropriate, published in another Member State and notified to the competent authority in that Member State in accordance with the Prospectus Directive), the offer is only addressed to qualified investors in that Member State within the meaning of the Prospectus Directive or has been or will be made otherwise in circumstances that do not require the Issuer to publish a prospectus pursuant to the Prospectus Directive.
This announcement is not an offer of securities for sale in the United States. The securities have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offer of securities in the United States.
Related Shares:
ALBK.L