Introduction

We have been instructed by Anglo Irish Bank Corporation plc (“the Bank”) to review the financial information set out on pages 6 to 12 of this Interim Report for the Bank for the six months ended 31 March 2007. We have read the other information contained in the Interim Report and considered whether it contains any apparent misstatements or material inconsistencies with the financial information.

This report is made solely to the Bank’s Directors, as a body, in accordance with the terms of our engagement to assist the Bank in meeting the requirements of the Listing Rules of the Irish Stock Exchange. Our work has been undertaken so that we might state to the Bank’s Directors those matters we are required to state to them in this review report, and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Bank and the Bank’s Directors as a body, for our review work, for this review report, or for the conclusions we have reached.

Directors’ responsibilities

This Interim Report, including the financial information contained therein, is the responsibility of and has been approved by the Directors.

The Directors are responsible for preparing this Interim Report in accordance with the Listing Rules of the Irish Stock Exchange which require that the accounting policies and presentation applied to the interim figures should be consistent with those applied in preparing the preceding annual financial statements except where any changes, and the reasons for them, are disclosed.

Review work performed

We conducted our review in accordance with guidance contained in Bulletin 1999/4: Review of interim financial information issued by the Auditing Practices Board. A review consists principally of making enquiries of the Bank’s management and applying analytical procedures to the financial information and underlying financial data and based thereon, assessing whether the accounting policies and presentation have been consistently applied unless otherwise disclosed. A review excludes audit procedures such as tests of controls and verification of assets, liabilities and transactions. It is substantially less in scope than an audit performed in accordance with Auditing Standards and therefore provides a lower level of assurance than an audit. Accordingly, we do not express an audit opinion on the financial information.

Review conclusion

On the basis of our review we are not aware of any material modifications that should be made to the interim financial information on pages 6 to 12 as presented for the six month period ended 31 March 2007.

Ernst & Young
Dublin
9 May 2007