PRESS RELEASE

05/14/2008

The New Ireland Fund Quarterly Portfolio Update

Boston, May 14th, 2008 (PR Newswire etc) - The New Ireland Fund, Inc. today released its Quarterly portfolio update as of April 30, 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 $114,517,640
Net Asset Value: $ 22.62
Market Price: $ 20.23
Prem/(Disc): (10.57%)


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