Amendments to the Pricing Supplement (8683J)

TIDM74SV TIDMIPM

RNS Number : 8683J

Irish Life & Permanent PLC

06 July 2011

Company Announcement

IRISH LIFE & PERMANENT plc

Irish Life Centre

Lower Abbey Street

Dublin 1

Ireland

(the Issuer)

Series 256 EUR 11,000,000 Fixed Rate / Index Linked Notes due 13 June 2013

(Maturity Date subject to Conditions) (the Notes)

6 July 2011

NOTICE:

Re: Amendments to the Pricing Supplement in respect of the Notes by the Sixteenth Supplemental Trust Deed (as each such term is defined below)

Irish Life & Permanent plc, the Issuer of the Notes, announces as follows.

The following modification to the Pricing Supplement dated 13 June 2005 in respect of the Notes (the Pricing Supplement) has been made pursuant to, and has taken effect as of the date of, the Sixteenth Supplemental Trust Deed dated 4 July 2011 (the Sixteenth Supplemental Trust Deed):

(a) Paragraph 26 of the Pricing Supplement shall be amended by the deletion of the words "an amount in Euro determined by the Calculation Agent that on the due date for redemption of such Note has the effect of preserving for the holder of such Note the economic equivalent of the obligation of the Issuer to make payments of principal and interest in respect of such Note that would, but for such redemption, have fallen due after such date" and their replacement with the words "The Final Redemption Amount".

(b) The Conditions of the Notes shall hereafter be determined by reference to the Pricing Supplement as amended by the Sixteenth Supplemental Trust Deed.

Subject as otherwise provided in this Notice and unless there is anything in the subject or context inconsistent therewith, all words and expressions defined in this Notice shall have the same meanings as in the trust deed dated 10 January 1997 (as modified and/or supplemented and/or restated from time to time).

Issuer contact details: Facsimile: 670 2346

Telephone: [phone]

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