Rule 8.3 - IONA Technologies plc

    


Loeb Partners Corporation



                                                                                                            FORM 8.1/8.3
                                                  IRISH TAKEOVER PANEL

Lodge with the Stock Exchange (which may publicise) and with the Panel.
Use separate form for each class of securities in which dealings have been made.
                                                                                   Date of disclosure......July 17, 2008

DISCLOSURE UNDER RULE 8.1(a), 8.1(b)(i) and 8.3 OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2007

Date of Dealing                                    July 16, 2008

Dealing in (name of company)                       IONA Technologies Plc Sponsored ADR

(1)  Class of securities (e.g. ordinary shares) Ordinary shares

(2)  Amount bought 50,000
     Amount sold -
     Price per unit 3.95 USD

(3)  Resultant total of the same class owned or controlled (and percentage of class)
     519,392.......................................................1.41% (%)

(4)  Party making disclosure Loeb Partners Corporation

     EITHER (a) Name of purchaser/vendor (Note 1) OR (b) If dealing for discretionary client(s), name of fund management
(5)   organisation

     Loeb Partners Corporation

(6)  Reason for disclosure (Note 2)
     (a)(i) offeror or associate of offeror (Note 3) NO

     (ii) offeree or associate of offeree NO

     Specify which category or categories of associate ((a) to (l) page 3/4)
     If category (l), explain

     (b) Rule 8.3 (i.e. disclosure because of ownership or control of 1% or more the class of relevant securities dealt
      in) YES

Signed, for and on behalf of the party named in (4) above
(Also print name of signatory)........Shelby Drescher
Telephone and extension number....212-483-7070