The New Ireland Fund, Inc. Monthly Portfolio Update

| Source: New Ireland Fund New Ireland Fund

BOSTON, MA--(Marketwire - Jan 2, 2013) - The New Ireland Fund, Inc. (NYSE: IRL) today released an updated Monthly portfolio statement as of December 31, 2012.

             
Security Name   Shareholding   US $ Market Value   % of Market Value
AER LINGUS GROUP PLC   274,817   400,359.77   0.77%
ARYZTA AG   73,803   3,794,750.10   7.30%
C&C GROUP PLC   269,779   1,620,808.58   3.12%
CPL RESOURCES PLC   285,169   1,307,980.59   2.51%
CRH PLC   300,432   6,060,133.32   11.65%
DCC PLC   19,286   630,577.40   1.21%
DRAGON OIL PLC   232,276   2,084,206.96   4.01%
ELAN CORP PLC   152,261   1,554,584.81   2.99%
FBD HOLDINGS PLC   129,854   1,780,464.13   3.42%
GLANBIA PLC   85,568   941,981.59   1.81%
GOVERNOR & CO BANK OF IRELAND   6,101,796   917,079.72   1.76%
GRAFTON GROUP PLC   156,753   810,114.65   1.56%
ICON PLC   25,173   698,802.48   1.34%
IFG GROUP PLC   105,036   180,437.64   0.35%
IRISH CONTINENTAL GROUP PLC   95,317   2,431,621.04   4.67%
KENMARE RESOURCES PLC   2,627,445   1,347,496.96   2.59%
KERRY GROUP PLC   111,776   5,902,688.41   11.35%
KINGSPAN GROUP PLC   190,074   2,086,679.92   4.01%
ORIGIN ENTERPRISES PLC   372,042   2,035,563.36   3.91%
PADDY POWER PLC   31,048   2,558,339.67   4.92%
PROTHENA CORP PLC   3,714   27,221.30   0.05%
RYANAIR HOLDINGS PLC   911,868   5,682,796.92   10.92%
RYANAIR HOLDINGS PLC   40,511   1,388,717.08   2.67%
SAP AG   17,752   1,420,394.51   2.73%
SMURFIT KAPPA GROUP PLC   182,608   2,166,740.33   4.17%
TOTAL PRODUCE PLC   552,258   436,855.51   0.84%
TVC HOLDINGS PLC   385,973   419,812.57   0.81%
UNITED DRUG PLC   218,613   978,641.63   1.88%
             

The holdings are subject to change at any point in time hereafter.

Investment Objective: The New Ireland Fund, Inc., (NYSE: IRL) a closed-end diversified investment company, seeks long-term capital appreciation through investment of at least 80% of its assets in a portfolio of Irish securities.

The New Ireland Fund, Inc. is managed by Kleinwort Benson Investors International Ltd., a wholly owned subsidiary of Kleinwort Benson Investors Dublin Ltd.

Website: newirelandfund.com

Contact Information:

The New Ireland Fund, Inc.
(800) 468-6475