PRESS RELEASE

07/09/2008

The New Ireland Fund, Inc. files Annual Report

Boston, Massachusetts, July 9, 2008 - The Board of Directors of The New Ireland Fund, Inc. is pleased to announce that it has filed its Semi-Annual Report for the half year ended April 30, 2008 with the SEC on Form N-CSR. A full copy of the Annual Report is also available on the Fund Website at: www.newirelandfund.com. Shareholders may also receive a hard copy of the Fund's complete audited financial statements free of charge upon request. This may be done by writing to the Fund at:

The New Ireland Fund, Inc.
c/o PFPC Inc.
99 High Street, 27th Floor,
Boston, MA 02110

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, which is managed by Bank of Ireland Asset Management (U. S.) Limited, is listed on the New York Stock Exchange under the trading symbol "IRL".

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