PRESS RELEASE

08/30/2010

The New Ireland Fund Quarterly Portfolio Update

Boston, August 30, 2010 (PR Newswire etc) - The New Ireland Fund, Inc. today released its Quarterly portfolio update as of July 31, 2010.

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 $49,649,580
Net Asset Value:	$ 7.44
Market Price:	$ 6.30
Prem/(Disc):	(15.32%)

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