BKIR.L Regulatory News (BKIR)

This announcement is an advertisement and not a prospectus and Stockholders should not subscribe for or purchase any shares referred to in this announcement except solely on the basis of information in the prospectus published by The Governor and Company of the Bank of Ireland ("Bank of Ireland" or "the Bank") on 26 April 2010 in connection with, inter alia, the Rights Issue (the "Prospectus"). Copies of the Prospectus are available from Bank of Ireland's registered office at Lower Baggot Street, Dublin 2, Ireland and at the registered offices of Citigroup Global Markets U.K. Equity Limited, Credit Suisse Securities (Europe) Limited, J&E Davy, Deutsche Bank AG (London Branch) and UBS Limited (the "Underwriters"). Not for release, publication or distribution, in whole or in part, directly or indirectly, in or into or from the United States, Australia, New Zealand, South Africa, Japan, Canada or Switzerland or any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction.

Bank of Ireland announces the successful completion of the Rights Issue and placing of the Rights Issue rump

Bank of Ireland announces that the Underwriters have today procured subscribers for all of the 168,580,552 units of new Ordinary Stock for which valid acceptances were not received in the Rights Issue (the "Rump"), at a price of 75 cents per unit of new Ordinary Stock, a premium of 20 cents to the Rights Issue Price of 55 cents per unit of new Ordinary Stock.

As disclosed in Part IX of the Prospectus, the net proceeds from the sale of the Rump of approximately 19.85 cents per unit of new Ordinary Stock (after deduction of the Rights Issue Price of 55 cents per unit of new Ordinary Stock and relevant costs, including any brokerage and commissions and taxes) will be paid (without interest and rounded down to the nearest cent) to Qualifying Stockholders who have not taken up their entitlements pro rata to their lapsed provisional allotments.

As a result, neither the Underwriters nor any sub-underwriters will be required to subscribe for any units of new Ordinary Stock pursuant to the Rights Issue

Unless otherwise defined, capitalised terms used in this announcement have the same meaning as in the Prospectus.

Copies of this announcement are available, free of charge and in printed form, at Bank of Ireland's registered office at Lower Baggot Street, Dublin 2, Ireland and the registered offices of the Underwriters.

This announcement does not constitute an offer to sell, or a solicitation of an offer to subscribe for, the securities being issued in any jurisdiction in which such offer or solicitation is unlawful.

This announcement is not for distribution, directly or indirectly, in or into the United States, Australia, New Zealand, South Africa, Japan, Canada or Switzerland or any other state or jurisdiction in which it would be unlawful to do so. This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities mentioned herein (the "Securities") have not been, and will not be, registered under the United States Securities Act of 1933 (the "Securities Act"). The Securities may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act. There will be no public offer of the Securities in the United States, and the Securities have not been approved or disapproved by the US Securities and Exchange Commission, any state securities commission in the United States, or any US regulatory authority, nor have any of the foregoing authorities passed upon or endorsed the merits of the offering or the Securities or the accuracy or adequacy of any of the documents or other information contained therein.

This announcement does not constitute a prospectus or prospectus equivalent document. Nothing in this announcement should be interpreted as a term or condition of any of the Proposals. A Prospectus relating to the Proposals has been prepared and is available in accordance with EU Directive 2003/71/EC and/or Part VI of the Financial Services and Markets Act 2000. Any decision to invest in Bank of Ireland under the Proposals must be made only on the basis of the information contained in and incorporated by reference into such Prospectus.

Neither the content of Bank of Ireland's website nor any website accessible by hyperlinks on Bank of Ireland's website is incorporated in, or forms part of, this announcement.

The distribution of this announcement and/or any other documents related to any offering of securities or the transfer or offering of securities into jurisdictions other than Ireland and the United Kingdom ('UK') may be restricted by law. Persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

This announcement has been prepared for the purposes of complying with applicable law and regulation in Ireland and the UK and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws and regulations of any jurisdiction outside of Ireland and the UK.

None of the Minister for Finance, the Department of Finance, the Irish Government, the NTMA, the NPRFC or any person controlled by or controlling any such person, or any entity or agency of or related to the Irish State, or any director, officer, official, employee or adviser of any such person, or any Underwriter or IBI Corporate Finance or any of their affiliates, directors, officers, employees, agents or any other person (each such person, a "Relevant Person") accepts any responsibility for the contents of, or makes any representation or warranty as to the accuracy, completeness or fairness of any information in, this announcement or any document referred to in this announcement or any supplement or amendment thereto (the "Announcement"). Each Relevant Person expressly disclaims any liability whatsoever for any loss howsoever arising from, or in reliance upon, the whole or any part of the contents of the Announcement. No Relevant Person has authorised or will authorise the contents of the Announcement, or has recommended or endorsed the merits of any course of action contemplated by the Announcement.

The Underwriters and IBI Corporate Finance are acting exclusively for Bank of Ireland in connection with the Proposals and no one else and will not regard any other person as a client in relation to the Proposals and will not be responsible to anyone other than Bank of Ireland for providing the protections afforded to their clients or for providing advice in relation to the Proposals or any matters referred to in the Announcement.