FAP.L Regulatory News (FAP)

For immediate release:

14 February 2012

NOTICE

UIster Bank Ireland Limited

We refer to the below issuers (collectively, the "Issuers") and their below referenced notes (collectively, the "Notes") under the Celtic securitisation programme:

Celtic Residential Irish Mortgage Securitisation No.9 p.l.c. ("Celtic 9")

€612,500,000 Class A1 Mortgage Backed Floating Rate Notes due 2047

€1,067,500,000 Class A2 Mortgage Backed Floating Rate Notes due 2047

€70,000,000 Class B Mortgage Backed Floating Rate Notes due 2047

Celtic Residential Irish Mortgage Securitisation No.10 p.l.c. ("Celtic 10")

€447,500,000 Class A1 Mortgage Backed Floating Notes due 2048

€1,253,000,000 Class A2 Mortgage Backed Floating Notes due 2048

€89,500,000 Class B Mortgage Backed Floating Notes due 2048

Celtic Residential Irish Mortgage Securitisation No.11 p.l.c. ("Celtic 11")

€435,600,000 Class A1a Mortgage Backed Floating Rate Notes due 2048

£185,000,000 Class A1c Mortgage Backed Floating Rate Notes due 2048

€385,000,000 Class A2a Mortgage Backed Floating Rate Notes due 2048

$328,000,000 Class A2b Mortgage Backed Floating Rate Notes due 2048

€1,388,800,000 Class A3a Mortgage Backed Floating Rate Notes due 2048

£586,000,000 Class A3c Mortgage Backed Floating Rate Notes due 2048

€77,000,000 Class Ba Mortgage Backed Floating Rate Notes due 2048

€147,400,000 Class Ca Mortgage Backed Floating Rate Notes due 2048

£17,500,000 Class Cc Mortgage Backed Floating Rate Notes due 2048

Celtic Residential Irish Mortgage Securitisation No.12 Limited ("Celtic 12")

€325,065,000 Class A1 Mortgage Backed Floating Rate Notes due 2049

€487,500,000 Class A2 Mortgage Backed Floating Rate Notes due 2049

€1,010,685,000 Class A3 Mortgage Backed Floating Rate Notes due 2049

€39,000,000 Class B Mortgage Backed Floating Rate Notes due 2049

€87,750,000 Class C Mortgage Backed Floating Rate Notes due 2049

Due to current economic conditions, the Bank will not initiate the exercise of the early redemption options with respect to the Notes at their relevant Step-Up Dates (being the relevant Interest Payment Dates falling in March 2012 in respect of Celtic 9, October 2012 in respect of Celtic 10, March 2012 in respect of Celtic 11 and June 2012 in respect of Celtic 12).

Initially capitalised terms not defined in this notice shall have the meaning given to them under the terms and conditions of the relevant Notes.