Press Release - IBRC appoints Mr. Oliver Ellingham as a Non-Executive Director

IBRC today, 14 October 2011, announced the appointment of Oliver Ellingham as a non-executive director of the Bank.

Oliver Ellingham

Mr. Ellingham, a chartered accountant, is a former Head of Corporate Finance (Europe) at BNP Paribas and senior executive within BNP Paribas UK. Mr. Ellingham also previously held senior management roles within Charterhouse Bank and Robert Fleming.

Mr. Ellingham previously served as a non-executive director with McCarthy & Stone plc (March 2008 – June 2009), Notting Hill Housing Trust (Jan 2009 – Sept 2010) and Cenkos Securities plc (July 2010 – July 2011).

Mr. Ellingham currently holds non-executive directorships in a number of companies including Vislink plc and the Naafi Pension Fund. He is also Chairman and owner of Woking Storage Solutions.

Commenting on the appointment of Mr. Ellingham, Mr. Alan Dukes, Chairman, IBRC said:

“I am pleased to announce the appointment of Oliver Ellingham to the Board of the Bank today. He brings with him a broad range of international financial experience and expertise and he will be a valuable addition to the Board of IBRC at this time.”

-ENDS-

For further information please contact:

Billy Murphy / Martha Kavanagh

Drury Communications

Tel: +353 1 2605000

Note to Editors:

Following the appointment of Mr. Ellingham the Board of IBRC now comprises of:

A.M. Dukes Chairman

A.M.R. Aynsley (Australian) Chief Executive

N. Cawley

A. Eames

O.B. Ellingham (British)

M.A. Keane

P.G. Kennedy