PRESS RELEASE

04/08/2004

The New Ireland Fund, Inc. - Conference Call - April 16, 2004

Boston, April 8, 2004 - On Friday, April 16, 2004 at 11.00 a.m. (EST), the Fund will initiate a telephone conference call to allow John Forde, Portfolio Manager of the New Ireland Fund, Inc. to discuss the Fund's recent performance, its portfolio and the Irish economy. Fund shareholders may take part in the call by phoning 1-866-272-4486.

The New Ireland Fund, Inc. is a closed-end diversified investment company that seeks long-term capital appreciation through investing at least 80% of its assets in a portfolio of Irish securities. The Fund is managed by Bank of Ireland Asset Management (U.S.) Limited and is listed on the New York Stock Exchange.

For further information, please contact the Fund at (800) 468-6475.