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 24, 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 23, 2008
Dealing in (name of company) IONA Technologies Plc Sponsored ADR

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

(2) Amount bought 40,100
          Amount sold -
          Price per unit 3.96 USD

(3) Resultant total of the same class owned or controlled (and percentage of class)
607,592.......................................................1.65% (%)


(4) Party making disclosure            Loeb Partners Corporation

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