PRESS RELEASE

6/18/2009

The New Ireland Fund, Inc. Releases its Semi-Annual Shareholder Report

Boston, June 18, 2009 (PR Newswire etc) - The New Ireland Fund, Inc. today released its Semi-Annual shareholder report as of April 30, 2009. A copy of this report is available on the fund's Website - www.newirelandfund.com.

The Fund is a closed end mutual fund managed by Bank of Ireland Asset Management (U.S.) Limited and is traded on the New York Stock Exchange under the trading symbol "IRL".

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