PRESS RELEASE

09/01/2005

The New Ireland Fund, Inc. Monthly Portfolio Update

Boston, September 1, 2005 (PR Newswire etc) - The New Ireland Fund, Inc. today released its Monthly portfolio update as of August 31, 2005.

Security Name
Shareholding
ALLIED IRISH BANKS PLC
908,761.00
C&C GROUP
462,383.00
CRH PLC
592,479.00
DCC PLC
243,763.00
EIRCOM GROUPPLC
946,468.00
FBD HOLDINGS PLC
156,192.00
FITZWILLIAM CAPITAL PLC
900,000.00
FYFFES PLC
640,733.00
GRAFTON GRP PLC-UTS
417,114.00
GREENCORE GROUP PLC
401,256.00
HORIZON TECHNOLOGY GROUP PLC
1,321,900.00
IAWS GROUP PLC
293,851.00
ICON PLC - SPONSORED ADR
71,646.00
INDEPENDENT NEWS & MEDIA PLC
1,407,440.00
IONA TECHNOLOGIES PLC SPON ADR
169,300.00
IRISH ESTATES PLC
500,000.00
IRISH LIFE & PERMANENT PLC
248,182.00
KERRY GROUP PLC-A
466,873.00
KINGSPAN GROUP PLC
663,458.00
MCINERNEY HOLDING PLC
196,675.00
PADDY POWER PLC
202,495.00
RYANAIR HLDG
650,000.00


The holdings are subject to change at any point in time hereafter.

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.

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: newirelandfund.com