PRESS RELEASE

11/13/2007

The New Ireland Fund Quarterly Portfolio Update

Boston, November 13th, 2007 (PR Newswire etc) - The New Ireland Fund, Inc. today released its Quarterly portfolio update as of October 31, 2007.

Total Net Assets:	US $145,764,724
Net Asset Value:	$ 30.95
Market Price:	$ 28.96
Prem/(Disc):	(6.43)%

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

Website: newirelandfund.com