PRESS RELEASE

02/14/2008

The New Ireland Fund Quarterly Portfolio Update

Boston, February 14th, 2008 (PR Newswire etc) - The New Ireland Fund, Inc. today released its Quarterly portfolio update as of January 31, 2009.

Investment Objective; The New Ireland Fund, Inc., (N.Y.S.E. - IRL) a closed-end diversified investment company, seeks long-term capital appreciation through investment of at least 80% of its assets in a portfolio of Irish securities





Total Net Assets: US $114,315,232
Net Asset Value: $ 21.86
Market Price: $ 19.98
Prem/(Disc): (8.60%)


The New Ireland Fund Inc. is managed by Bank of Ireland Asset Management (U.S.) Limited, an indirect wholly owned subsidiary of Bank of Ireland Group.

Website: newirelandfund.com