Sale of Chase de Vere Fin Sol

28 Feb 2005 10:00

Bank of Ireland(Governor&Co)28 February 2005 Bank of Ireland sells Chase de Vere Financial Solutions plc Bank of Ireland today announces that it has signed an agreement to sell itssubsidiary Chase de Vere Financial Solutions plc to AWD, part of AWD Holdings AGfor a total cash consideration of €30 million (£20 million). The deal is subject to regulatory approval from the FSA and is expected tocomplete during March 2005. Roy Keenan, Chief Executive, Bank of Ireland UK Financial Services said, "Thesale of Chase de Vere is part of our strategy to focus on our core operations ofBusiness Banking, Consumer Banking and Mortgages using both the Bank of Irelandand the Bristol & West brands. In addition we are developing our joint venturewith the UK Post Office, selling financial services products through theirextensive branch network." 28 February 2004 /ENDS Contact:Dan Loughrey, Head of Group Corporate Communications00 353 1 604 3833Fiona Ross, Head of Group Investor Relations00 353 1 604 3501 This information is provided by RNS The company news service from the London Stock Exchange