Irish Continental Group plc 2008 Interim Results Presentation

ICG Profile 1.Irish Ferries Leading ferry company operating between UK/ Continent and Republic of Ireland 2.Ship Chartering Division 2 vessels on long-term charter 3.Container Division Container stevedoring terminals in Dublin & Belfast Leading container operator between Ireland and the Continent 59% 15% 26% Capital Employed

ICG – Group Results * Including €3.8m profit on sale of Normandy ** Before non-trading items and net expected return on defined benefit pension assets less liabilities *** Before non-trading items H1 2008H1 2007ChangeFY 2007 Turnover€166.1m€163.2m+2%€355.8m EBITDA€29.5m€32.6m-10%€80.2m Profit From Operations*€17.3m€16.4m+5%€50.1m Non Trading Items-€(16.5)m€(10.1)m Adjusted EPS**58.9c50.8c+16%178.6c Underlying EPS***67.1c63.1c+6%203.3c Basic EPS67.1c(6.8)c160.9c Redemption per Unit100c-- Equity€177.6m€175.9m+1%€212.3m Net Debt €70.3m€121.2m-42%€84.5m

 Redemption No redemptions during 2007 due to offers for Company Redemption of 100 cent paid in April 2008 Base going forward of 75 cent per share

ICG Cash Flow H1 2008H FY 2007 €m EBITDA* Working Capital Movement Operating Cash Flow Interest(1.9)(3.8)(5.2) Tax(0.1)(0.2)(1.0) Capex/Disposals6.1(51.3)(58.3) Share Issue(0.7) Dividends/Redemptions(24.5)___-____-_ Net Flows9.8(7.0)28.6 Opening Debt(84.5)(113.8) Translation/Other4.4(0.4)0.7 Closing Debt(70.3)(121.2)(84.5) * Excludes profit on sale of MV Normandy

ICG Fuel Costs H1 2008H FY 2007 Consumption (000 tons) Heavy Fuel Oil Marine Diesel Price (€ per ton) Heavy Fuel Oil€368€234€279 Marine Diesel€656€427€465 Total Cost (inc. lubs)€24.9m€15.2m€36.1m % of Operating Costs16.7%10.4%11.8%

Ferries Division  Irish Ferries 4100 sailings - UK 300 sailings - France  Ship Chartering 2 Ferries on charter to P&O firm to 2010 P&O hold options to 2013

Ferries Division H1 2008H Change2007 €m Turnover %197.9 EBITDA 24.7*27.2-9%68.0 Depreciation/Amortisation(10.8)(15.0)-28%(27.1) Operating Profit 13.9* %40.9 * Includes €3.8m profit on sale of MV Normandy

Irish Ferries Routes 16 Ships 13 Ports 17 Routes

Irish Ferries - Fleet Challenger Jonathan Swift Ulysses Jonathan Swift GT50,900 tons PAX1875 Cars1342 Lane Metres4.1km Speed22 knots GT6,000 tons PAX800 Cars200 Speed39 knots

Irish Ferries - Fleet Challenger Ulysses & Jonathan Swift Isle of Inishmore Oscar Wilde GT34,000 tons PAX2200 Cars855 Lane Metres2.1km Speed21.5 knots GT32,000 tons PAX1458 Beds1376 Cars580 Lane Metres1.2km Speed21.5 knots

Passenger Market H Year Year Year Irish Ferries -1%12%-1%-2% Republic of Ireland -1%2%-3% All Ireland -2%3%-3% CAGR

Cars Market H Year Year Year Irish Ferries -2%14%2%0% Republic of Ireland -1%4%-2% All Ireland -2%5%-1% CAGR

Market Share - Cars 51%47% 000’s Republic of Ireland – UK & France 50%

Distribution Internet Call Centres Travel Trade Ports

RoRo Market H Year Year Year Irish Ferries -3%11%9%7% Republic of Ireland 0%6% All Ireland -2%5%4% CAGR

Market Share – Ro Ro 29% 000’s Republic of Ireland – UK & France 28%

RoRo Capacity 2007 Units 000’s 2008 Units 000’s Change Central CorridorEst.F’cast Heysham ( Seatruck / Norfolk ) % Liverpool ( P&O / Seatruck / Norfolk ) % Holyhead ( Irish Ferries / Stena) 820 0% Southern Corridor Pembroke / Fishguard / ( Irish Ferries / Stena ) 280 0% % Central & Southern Corridors ( incl. Warrenpoint ) Increased capacity principally from Seatruck newbuilds Capacity expressed as 16.5 metre equivalent units

Irish Ferries Revenues 2007

Irish Ferries Costs 2007

New Vessel Ireland / France routes 2008 Major quality upgrade – Cruise standard Increased Freight capacity €51 million investment including modifications Oscar Wilde

Ship Chartering Kaitaki Pride of Bilbao Challenger Kronprins Harald GT37,500 tons PAX2500 Beds2447 Cars580 Lane Metres1km Speed22 knots GT22,300 tons PAX1650 Beds274 Cars600 Lane Metres1.7km Speed19 knots

Ship Chartering  Pride of Bilbao and Kaitaki on charter to P&O has options to renew to 2013

Container Division H H Change2007 €m Turnover %157.9 EBITDA %12.2 Depreciation/Amortisation(1.4)(1.2)+17%(3.0) Operating Profit %9.2

Operations  Container Routes Ireland / Continent - Door to Door plus Quay to Quay UK / Continent - Quay to Quay container movement  Port Terminals DFT Terminal in Dublin - €30m expansion, 2008 – 2009 BCT Terminal in Belfast first full year

Container Routes

Container Terminals 1.5 Million Teu in 2007 Dublin Ferryport Terminal (DFT) 150 year lease of 33 acres from 1972 Direct access to new Port Tunnel 480 metres of berths – 300m at 9.5m depth and 180m at 11m depth

Container Terminals Belfast Container Terminal (BCT) 11.5 acre site 150m quay wall at 7.5m depth

Container Handling Irl. Market Share 21% in Year3 Year5 Year ICG 6%7% All Ireland 6%8% CAGR

Outlook Challenging trading environment First Half 2007 – Once-off benefits from competitor disruption Benefit from Oscar Wilde additional Freight capacity Additional DFT capacity at Dublin Port Higher Fuel Costs Need for higher prices to pay for fuel Frequency of fast ferry service under review Speculation on the future of Dublin Port?