PRESS RELEASE

09/26/2008

The New Ireland Fund, Inc.

Boston, September 26, 2008 (PR Newswire etc) - The New Ireland Fund, Inc. today released its Quarterly shareholder report as of July 31, 2008. 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.