AIB Group -- Euro-MTN Issues of Subordinated Debt.

DUBLIN, Ireland--(BUSINESS WIRE)--Aug. 20, 1996--Allied Irish Banks, p.l.c., (AIB) (NYSE NYSE

See: New York Stock Exchange : AIB; AIBPR; FMBPR) is pleased to announce that it has concluded the following Subordinated Debt Issues through its Euro-Medium Term Note Euro-medium term note (Euro-MTN)

A nonunderwritten Euronote issued directly to the market. Euro-MTNs are offered continuously rather than all at once as a bond issue is. Most Euro-MTN maturities are under five years. Programme:

EMTN Series No: 16 Amount USD USD

In currencies, this is the abbreviation for the U.S. Dollar.

Notes:
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 41 million Maturity 07-Sept-2006 Coupon Three month USD LIBOR LIBOR

See: London Interbank Offered Rate

LIBOR

See London interbank offered rate (LIBOR). plus Margin Margin Until 7 Sept 2001 : 0.375%

From 7 Sept 2001 : 0.875% Call Option Commences 7 September 2001

EMTN Series No: 17 Amount NLG 71 million Maturity Aug-2009 Coupon 6.70% per annum until August 2004

It will then be reset at 1.15% over the

prevailing five year Dutch Government Loan Stock Call Option Commences August 2004

EMTN Series No: 18 Amount IEP 27.5 million Maturity Feb-2007 Coupon Three Month DIBOR plus Margin Margin Until Feb 2002 : 0.35%

From Feb 2002 : 0.75% Call Option Commences February 2002

These notes will rank as lower Tier 2 capital Tier 2 Capital

A term used to describe the capital adequacy of a bank. Tier II capital is secondary bank capital that includes items such as undisclosed reserves, general loss reserves, subordinated term debt, and more.

Notes:
This is related to Tier 1 Capital. .

CONTACT: Ray Fitzpatrick

Capital and Investor Relations Manager

Bankcentre

Ballsbridge

Dublin 4

Tel: 353-1-660 0311 Ext 14191

or

Clyde Walton

C. Walton & Co.

122 East 42nd Street

Suite 3902

New York, NY 10168

Tel: 212/661-1620

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Publication:	Business Wire
Date:	Aug 20, 1996
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