PRESS RELEASE

05/26/2004

Daily NAV Pricing For New Ireland Fund Now Available

Boston, May 26, 2004 - The Board of Directors of The New Ireland Fund, Inc. are pleased to announce that the Fund's Net Asset Value (NAV) is now being made available, on a daily basis, to the market. This pricing information is also available on its web site. (www.newirelandfund.com).

The New Ireland Fund 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.