Allied Irish Banks, p.l.c.

July 21, 2011 13:37 ET

ALLIED IRISH BANKS, P.L.C. ANNOUNCES THE PRELIMINARY RESULTS OF ITS OFFERS TO PURCHASE FOR CASH

DUBLIN 4, IRELAND--(Marketwire - Jul 21, 2011) -



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

For Immediate Release 21 July 2011


ALLIED IRISH BANKS, P.L.C. ANNOUNCES THE PRELIMINARY RESULTS OF ITS OFFERS TO PURCHASE FOR CASH

any and all of its outstanding

EUR400,000,000 Subordinated Callable Step-Up Floating Rate Notes due 2015 (ISIN: XS0208845924) (the "2015 Euro Notes")

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

EUR419,070,000 10.75 per cent. Subordinated Notes due 2017 (ISIN: XS0498532117) (the "2017 Euro Notes" and, together with the 2015 Euro Notes and the 2023 Sterling Notes, the "Notes")

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 AIB Offer was 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, the Bank invited holders of each Series of Notes (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 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 provisional aggregate nominal amount of each Series of Notes validly tendered pursuant to the relevant AIB Offer as set out in the table below.

Description of the Common code/ISIN Outstanding Provisional aggregate Notes nominal amount nominal amount of prior to settlement Notes validly of the AIB Offer tendered

EUR400,000,000 020884592/ EUR48,534,000 EUR47,936,000 Subordinated Callable XS0208845924 Step-Up Floating Rate Notes due 2015

£700,000,000 Callable 036806893/ £35,357,000 £35,350,000 Dated Subordinated XS0368068937 Fixed to Floating Rate Notes due July 2023

EUR419,070,000 10.75 049853211/ EUR217,920,000 EUR208,705,000 per cent. XS0498532117 Subordinated Notes due 2017



If the Bank accepts the Notes validly tendered for purchase, the Bank expects that the tender offer and related consent invitation launched on 13 May 2011 (as set out in the Tender and Consent Memorandum) in respect of eighteen series of securities issued by the Bank, AIB UK 1 LP, AIB UK 2 LP and AIB UK 3 LP will generate approximately EUR2.0bn of Core Tier 1 capital following completion of the AIB Offer.

As soon as reasonably practicable after conclusion of the Meetings on Friday, 22 July 2011, the Bank expects to announce whether (i) it accepts for purchase Notes validly tendered in the relevant AIB Offer and the aggregate nominal amount (if any) of Notes of each Series accepted for purchase, and (ii) the Extraordinary Resolutions in relation to the Notes have been passed.

Payment of the Purchase Price in respect of Notes validly tendered in the relevant AIB Offer and accepted for purchase is expected to be made on Monday, 25 July 2011.

GENERAL

Holders are advised to read carefully the Tender and Consent Memorandum for full details of, and information on, the AIB Offer. Requests for information in relation to the AIB Offer 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 AIB Offer 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




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.







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Source: Allied Irish Banks, p.l.c. via Thomson Reuters ONE

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Contact Information

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