PRESS RELEASE

8/11/2009

The New Ireland Fund Quarterly Portfolio Update

Boston, August 11, 2009 (PR Newswire etc) - The New Ireland Fund, Inc. today released its Quarterly portfolio update as of July 31, 2009.

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.



Total Net Assets:   US $53,580,829
Net Asset Value:   $ 7.40
Market Price:   $ 6.53
Prem/(Disc):   (11.76%)

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: www.newirelandfund.com