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Allied Irish Banks, p.l.c. Announces the Results of Its Offers to Purchase for Cash


June 16, 2011 - Dublin, Ireland

Allied Irish Banks, p.l.c. ("AIB") (NYSE: AIB)

any and all of its outstanding

£350,000,000 Subordinated Callable Fixed/Floating Rate Notes due 2030 (ISIN: XS0180778507)
(the "2030 Sterling Notes")

U.S.$400,000,000 Dated Callable Step-Up Subordinated Notes due 2015 (ISIN: XS0197993875)
(the "2015 Dollar Notes")

EUR 400,000,000 Subordinated Callable Step-Up Floating Rate Notes due 2015 (ISIN: XS0208845924)
(the "2015 Euro Notes")

£500,000,000 Subordinated Callable Fixed/Floating Rate Notes due 2025 (ISIN: XS0214107053)
(the "2025 Sterling Notes")

EUR 500,000,000 Callable Subordinated Step-Up Floating Rate Notes due 2017 (ISIN: XS0232498393)
(the "2017 Euro Floating Rate Notes")

£700,000,000 Callable Dated Subordinated Fixed to Floating Rate Notes due July 2023 (ISIN: XS0368068937)
(the "2023 Sterling Notes")

£368,253,000 12.5 per cent. Subordinated Notes due 25 June 2019 (ISIN: XS0435957682)
(the "2019 Sterling Notes")

EUR 868,518,000 12.5 per cent. Subordinated Notes due 25 June 2019 (ISIN: XS0435953186)
(the "2019 Euro Notes")

EUR 419,070,000 10.75 per cent. Subordinated Notes due 2017 (ISIN: XS0498532117)
(the "2017 Euro Notes")

U.S.$177,096,000 10.75 per cent. Subordinated Notes due 2017 (ISIN: XS0498530178)
(the "2017 Dollar Notes")

£1,096,645,000 11.50 per cent. Subordinated Notes due 2022 (ISIN: XS0498531069)
(the "2022 Sterling Notes")

EUR 200,000,000 Perpetual Subordinated Callable Step-Up Notes (ISIN: XS0100325983)
(the "Perpetual Euro Notes")

£400,000,000 Perpetual Callable Step-Up Subordinated Notes (ISIN: XS0227409629)
(the "Perpetual Sterling Notes")

EUR 500,000,000 7.50 per cent. Step-Up Callable Perpetual Reserve Capital Instruments (ISIN: XS0120950158)
(the "Perpetual RCIs")

U.S.$100,000,000 Subordinated Primary Capital Perpetual Floating Rate Notes (ISIN: IE0000189625)
(the "Perpetual Dollar Notes" and, together with the 2030 Sterling Notes, the 2015 Dollar Notes,
the 2015 Euro Notes, the 2025 Sterling Notes, the 2017 Euro Floating Rate Notes, the 2023 Sterling Notes, the 2019 Sterling Notes, the 2019 Euro Notes, the 2017 Euro Notes, the 2017 Dollar Notes, the 2022 Sterling Notes, the Perpetual Euro Notes, the Perpetual Sterling Notes and the Perpetual RCIs, the "Notes")

and

any and all of the outstanding

AIB UK I LP EUR 1,000,000,000 Fixed Rate/Floating Rate Guaranteed Non-voting Non-cumulative
Perpetual Preferred Securities having the benefit of a subordinated guarantee
of Allied Irish Banks, p.l.c. (ISIN: XS0208105055)
(the "AIB UK I PPS")

AIB UK 2 LP EUR 500,000,000 Fixed Rate/Floating Rate Guaranteed Non-voting Non-cumulative
Perpetual Preferred Securities having the benefit of a subordinated guarantee
of Allied Irish Banks, p.l.c. (ISIN: XS0257734037)
(the "AIB UK 2 PPS")

AIB UK 3 LP £350,000,000 Fixed Rate/Floating Rate Guaranteed Non-voting Non-cumulative
Perpetual Preferred Securities having the benefit of a subordinated guarantee
of Allied Irish Banks, p.l.c. (ISIN: XS0257571066)

(the "AIB UK 3 PPS" and, together with the AIB UK I PPS and the AIB UK 2 PPS, the "PPS")

ALLIED IRISH BANKS, P.L.C. AND AIB G.P. No. 1 LIMITED ANNOUNCE THE RESULTS OF THE MEETINGS OF HOLDERS OF THE ABOVE NOTES AND PPS

On 13 May 2011, Allied Irish Banks, p.l.c. (the "Bank") announced that it was inviting all holders of the Notes (subject to the invitation restrictions set out in the Tender and Consent Memorandum (as defined below)) to (i) tender any and all of the Notes for purchase by the Bank for cash, and (ii) consent (the "AIB Consent Invitation") to certain modifications of the terms of the Notes (together, the "AIB Offer").

The Bank also announced that it was inviting holders (subject to the invitation restrictions set out in the Tender and Consent Memorandum) to tender any and all of the PPS for purchase by the Bank for cash.

In addition on the same date, AIB G.P. No. 1 Limited ("AIB GP") announced that it was inviting all holders of the PPS (subject to the invitation restrictions set out in the Tender and Consent Memorandum) to consent (the "LP Consent Invitation" and together with the AIB Consent Invitation, the "Consent Invitations" and each a "Consent Invitation") to certain modifications of the terms of the PPS (together with the Bank's invitation to such holders, the "LP Offer" and together with the AIB Offer, the "Offers" and each an "Offer").

The Offers were made upon the terms and subject to the conditions contained in the tender and consent memorandum dated 13 May 2011 (the "Tender and Consent Memorandum").

In conjunction with the invitation to tender any and all of the Notes or PPS, as applicable, each of the Bank (in respect of the Notes) and AIB GP (in respect of the PPS) invited holders of each Series of Notes and PPS (subject to the invitation restrictions set out in the Tender and Consent Memorandum) to consider, and, if thought fit, pass, the relevant Extraordinary Resolution (each an "Extraordinary Resolution") in relation to certain modifications of the terms of each Series of the Notes and/or PPS (and the guarantees in respect of the PPS) as further described in the Tender and Consent Memorandum.

This announcement is made in accordance with the Tender and Consent Memorandum. Capitalised terms used and not otherwise defined in this announcement have the meaning given in the Tender and Consent Memorandum.

The Bank hereby announces the aggregate nominal amount of each Series of Notes (other than the 2015 Euro Notes, the 2023 Sterling Notes and the 2017 Euro Notes, together the "Delayed Settlement Notes") and PPS accepted for purchase pursuant to the relevant Offer.

The Bank and AIB GP announce whether the Extraordinary Resolutions in relation to each Series of Notes (other than the Delayed Settlement Notes) and PPS have passed.


Description of the Common Outstanding Aggregate Results of
Notes code/ISIN nominal nominal the
amount prior amount of Extraordinary
to settlement Notes Resolutions
of the AIB accepted for in respect of
Offer purchase the Notes

£350,000,000 018077850/ £145,000 £145,000 Passed
Subordinated XS0180778507
Callable
Fixed/Floating Rate
Notes due 2030

U.S.$400,000,000 019799387/ U.S.$39,316,0 U.S.$38,359,0 Passed
Dated Callable XS0197993875 00 00
Step-Up
Subordinated Notes
due 2015

£500,000,000 021410705/ £1,261,000 £125,000 Not passed
Subordinated XS0214107053
Callable
Fixed/Floating Rate
Notes due 2025

EUR 500,000,000 023249839/ EUR EUR Meeting
Callable XS0232498393 75,215,000 49,930,000 adjourned for
Subordinated Step- want of a
Up Floating Rate quorum
Notes due 2017

£368,253,000 12.5 043595768/ £215,963,000 £41,103,000 Not passed
per cent. XS0435957682
Subordinated Notes
due 25 June 2019

EUR 868,518,000 12.5 043595318/ EUR EUR Passed
per cent. XS0435953186 628,448,000 588,498,000
Subordinated Notes
due 25 June 2019

U.S.$177,096,000 049853017/ U.S.$108,105, $93,510,000 Passed
10.75 per cent. XS0498530178 000
Subordinated Notes
due 2017

£1,096,645,000 11.50 049853106/ £385,344,000 £384,294,000 Passed
per cent. XS0498531069
Subordinated Notes
due 2022

EUR 200,000,000 010032598/ EUR EUR Passed
Perpetual XS0100325983 53,793,000 53,515,000
Subordinated
Callable Step-Up
Notes

£400,000,000 022740962/ £58,608,000 £58,558,000 Passed
Perpetual Callable XS0227409629
Step-Up
Subordinated Notes

EUR 500,000,000 7.50 0120950515/ EUR EUR Passed
per cent. Step-Up XS0120950158 240,435,000 229,509,000
Callable Perpetual
Reserve Capital
Instruments

U.S.$100,000,000 001056093/ U.S.$100,000, $98,980,000 Passed
Subordinated IE000018962 000
Primary Capital
Perpetual Floating
Rate Notes

Description of the Common Outstanding Aggregate Results of
PPS code/ISIN nominal nominal the
amount prior amount of PPS Extraordinary
to settlement validly Resolutions
of the LP tendered in respect of
Offer the PPS

AIB UK I LP EUR 020810505/ EUR EUR Passed
1,000,000,000 Fixed XS0208105055 191,398,000 187,390,000
Rate/Floating Rate
Guaranteed Non-
voting Non-
cumulative
Perpetual Preferred
Securities

AIB UK 2 LP EUR 025773403/ EUR EUR Passed
500,000,000 Fixed XS0257734037 95,041,000 94,624,000
Rate/Floating Rate
Guaranteed Non-
voting Non-
cumulative
Perpetual Preferred
Securities

AIB UK 3 LP 025757106/ £36,728,000 £36,728,000 Passed
£350,000,000 Fixed XS0257571066
Rate/Floating Rate
Guaranteed Non-
voting Non-
cumulative
Perpetual Preferred
Securities

Payment of the Purchase Price in respect of Notes (other than the Delayed Settlement Notes) and PPS validly tendered in the relevant Offer and accepted for purchase is expected to be made on Friday, 17 June 2011.

GENERAL

Holders are advised to read carefully the Tender and Consent Memorandum for full details of, and information on, the Offers. Requests for information in relation to the Offers should be directed to the Dealer Manager:

THE DEALER MANAGER

J.P. Morgan Securities Ltd.
125 London Wall
London EC2Y 5AJ
United Kingdom

For information by telephone:
+44 (0) 20 7779 2468
Attention: Ryan O'Grady - FIG Syndicate
Email: ryan.ogrady@jpmorgan.com

For information by telephone: +44 (0) 20 7777 1333
Attention: Sebastien Bamsey - Liability Management
Email: sebastien.m.bamsey@jpmorgan.com

Requests for information, documents or materials relating to the Offers should be directed to the Tender and Tabulation Agent:

THE TENDER AND TABULATION AGENT
Lucid Issuer Services Limited
Leroy House
436 Essex Road
London N1 3QP
United Kingdom

For information by telephone: +44 20 7704 0880
For information by facsimile: +44 20 7067 9098
Attention: Yves Theis / David Shilson
Email: aib@lucid-is.com

This announcement must be read in conjunction with the Tender and Consent Memorandum.

This announcement does not constitute an offer to sell or buy or the solicitation of an offer to sell or buy the Notes or PPS.

For information by telephone:
+44 (0) 20 7779 2468
Attention:
Ryan O'Grady
FIG Syndicate
Email: ryan.ogrady@jpmorgan.com

For information by telephone:
+44 (0) 20 7777 1333
Attention:
Sebastien Bamsey
Liability Management
Email: sebastien.m.bamsey@jpmorgan.com

For information by telephone:
+44 20 7704 0880
For information by facsimile:
+44 20 7067 9098
Attention:
Yves Theis / David Shilson
Email: aib@lucid-is.com

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