PRESS RELEASE

06/01/2007

The New Ireland Fund, Inc. Monthly Portfolio Update

Boston, June 1, 2007 (PR Newswire etc) - The New Ireland Fund, Inc. today released its Monthly portfolio update as of May 31, 2007.

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