Company Announcement

Cloverie PLC

(the "Issuer")

Cloverie PLC

AIB International Centre

International Financial Services Centre

Dublin 1

Ireland

21^st August 2012

Re: Redemption

SERIES 2007-48

 EUR 27,000,000 Floating Rate Credit Linked Notes due 2012 (the "Notes")

ISIN: XS0326629432

NOTICE:

The Issuer wishes to announce that it has requested the Irish Stock Exchange to remove the Notes detailed above from the Main Securities Market of the Irish Stock Exchange.

This is effective as of 21^st August 2012.

For further information please contact:     

The Directors

Cloverie Public Limited Company

AIB International Centre                                                      

International Financial Services Centre                                         

Dublin 1                                                                                         

Ireland

This announcement has been issued through the Companies Announcement Service of

The Irish Stock Exchange.