Resignation statement from non-executive Directors

Noel Harwerth, Anne Heraty, Michael Jacob, Gary McGann and Ned Sullivan have today (Monday, 19 January) written to the Chairman of Anglo Irish Bank, Donal O'Connor, to advise him of their decision to resign from the board of the bank with immediate effect. The five directors believe this will facilitate the appointment of new board members by the Minister for Finance following last week's decision to nationalise the bank.

The outgoing directors expressed their disappointment over the management of loans to the former Chairman and re-iterated the unreserved apology offered to all stakeholders at the recent EGM.

They wished the Chairman, the incoming board, management and staff of the bank every success in the future.

19 January 2009