AIB Completes Disposal of the M&T Shares at $77.50

Allied Irish Banks, p.l.c. AIB has completed the disposal of 26,700,000 shares of common stock of M&T Bank Corporation MTB currently held by it. Following receipt of shareholder approval at AIB's Extraordinary General Meeting on 1 November 2010, the 26,700,000 contingent mandatorily exchangeable notes which AIB sold at US$77.50 per Note have been mandatorily exchanged for the M&T Shares and the net proceeds of the Notes offering have been released to AIB.