PRESS RELEASE

04/01/2005

The New Ireland Fund, Inc. Monthly Portfolio Update

Boston, April 1, 2005 5 - The New Ireland Fund, Inc. today released its Monthly portfolio update as of March 31, 2005.

Security Name
Shareholding
ALLIED IRISH BANKS PLC
908,761.00
CRH PLC
504,637.00
DCC PLC
243,763.00
EIRCOM GROUPPLC
400,000.00
FBD HOLDINGS PLC
202,314.00
FYFFES PLC
640,733.00
GRAFTON GRP PLC-UTS
417,114.00
GREENCORE GROUP PLC
401,256.00
HORIZON TECHNOLOGY GROUP PLC
1,321,900.00
IAWS GROUP PLC
293,851.00
ICON PLC - SPONSORED ADR
71,646.00
INDEPENDENT NEWS & MEDIA PLC
1,023,832.00
IONA TECHNOLOGIES PLC SPON ADR
169,300.00
IRISH ESTATES PLC
500,000.00
IRISH LIFE & PERMANENT PLC
248,182.00
JURYS DOYLE HOTEL GROUP PLC
314,982.00
KERRY GROUP PLC-A
511,857.00
KINGSPAN GROUP PLC
663,458.00
MCINERNEY HOLDING PLC
196,675.00
PADDY POWER PLC
202,495.00
RYANAIR HLDG
650,000.00
UNITED DRUG PLC
1,129,687.00


The holdings are subject to change at any point in time hereafter.

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.

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