Transfer Order – further information

Anglo Irish Bank Corporation Limited –Transfer Order

Following the announcement yesterday afternoon that the Minister for Finance issued a Transfer Order under the Credit Institutions (Stabilisation) Act 2010, Anglo Irish Bank Corporation Limited (the "Bank”) is providing further clarity around transaction details. The Transfer Order instructs the Bank to sell its senior NAMA bonds with a nominal value of €12.2 billion at a price of 98.5% to Allied Irish Banks p.l.c. ("AIB"), together with its deposits.  The Bank will pay €1.6 billion in excess of the book value of the deposits in Ireland and the UK. In addition, the Bank will sell the shares of its Isle of Man subsidiary to AIB at net asset value.  The expected net effect (before tax) for the Bank will be a loss of approximately €0.2 billion.

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