Allied Irish Banks (AIB)

[mlkrborn]

Allied Irish Banks, p.l.c. Ratio Change for ADS Holders
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Press Release Source: Allied Irish Banks, p.l.c. On Monday February 7, 2011, 2:09 pm EST

DUBLIN, IRELAND--(Marketwire - 02/07/11) -


To maintain an appropriate price range for the Allied Irish Banks, p.l.c, ("AIB") (NYSE:AIB - News) American Depositary Shares ("ADSs") representing Ordinary Shares trading on the New York Stock Exchange ("NYSE"), AIB intends to change the current ratio of one (1) ADS representing two (2) Ordinary Shares to one (1) ADS representing ten (10) Ordinary Shares.

This follows upon notification by the NYSE to AIB that the average closing price of an ADS was less than $1.00 over a consecutive 30 day trading period and was thus considered "below criteria" by the NYSE under its continued listing standards.

The change in ratio referred to above is intended to be taken by AIB in order to remedy the situation and restore AIB's compliance with the NYSE's continued listing standards.