PRESS RELEASE

06/07/2006

THE NEW IRELAND FUND, INC HOLDS ANNUAL MEETING

Boston, Massachusetts, June 7, 2006 - The New Ireland Fund, Inc. (the "Fund") held its annual stockholder meeting on Tuesday, June 6th, 2006.

The only proposal before the meeting was for the re-election of Mr. Peter Hooper and Mr. George Moore and for the election of Ms. Margaret Duffy as directors of the Fund. Ms. Duffy recently joined the Board to fill the vacancy created by the resignation of Mr. James Boyle. The proposal was carried, by a substantial majority.

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 under the ticker symbol - IRL.

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