BOSTON, MA--(Marketwire - Oct 2, 2012) - The New Ireland Fund, Inc. (NYSE: IRL) today released an updated Monthly portfolio statement as of September 30, 2012.

             
Security Name   Shareholding   US $ Market Value   % of Market Value
AER LINGUS GROUP PLC   213,852   284,200.68   0.58%
ARYZTA AG   57,835   2,755,961.81   5.60%
C&C GROUP PLC   269,779   1,285,207.73   2.61%
CPL RESOURCES PLC   285,169   1,247,362.57   2.53%
CRH PLC   300,432   5,797,609.05   11.78%
DCC PLC   19,286   555,778.39   1.13%
DRAGON OIL PLC   232,276   2,244,170.00   4.56%
ELAN CORP PLC   152,261   1,632,237.92   3.32%
FBD HOLDINGS PLC   129,854   1,648,860.68   3.35%
GLANBIA PLC   121,774   1,080,973.73   2.20%
GOVERNOR & CO BANK OF IRELAND   3,929,333   490,345.33   1.00%
GRAFTON GROUP PLC   121,708   530,799.25   1.08%
ICON PLC   25,173   613,466.01   1.25%
IFG GROUP PLC   130,393   236,529.25   0.48%
IRISH CONTINENTAL GROUP PLC   102,730   2,357,781.83   4.79%
KENMARE RESOURCES PLC   2,627,445   1,730,673.21   3.52%
KERRY GROUP PLC   102,898   5,275,294.84   10.72%
KINGSPAN GROUP PLC   212,741   2,175,854.26   4.42%
ORIGIN ENTERPRISES PLC   402,529   2,257,850.29   4.59%
PADDY POWER PLC   31,048   2,305,932.89   4.69%
RYANAIR HOLDINGS PLC   40,511   1,306,479.75   2.65%
RYANAIR HOLDINGS PLC   911,868   5,201,626.23   10.57%
SAP AG   17,752   1,258,604.20   2.56%
SMURFIT KAPPA GROUP PLC   185,615   1,874,537.81   3.81%
TOTAL PRODUCE PLC   552,258   348,136.51   0.71%
TVC HOLDINGS PLC   815,973   902,787.87   1.83%
UNITED DRUG PLC   370,124   1,404,690.81   2.85%
             

The holdings are subject to change at any point in time hereafter.

Investment Objective: The New Ireland Fund, Inc., (NYSE: IRL) a closed-end diversified investment company, seeks long-term capital appreciation through investment of at least 80% of its assets in a portfolio of Irish securities.

The New Ireland Fund, Inc. is managed by Kleinwort Benson Investors International Ltd., a wholly owned subsidiary of Kleinwort Benson Investors Dublin Ltd.

Contact Information:

For further information, please contact
The New Ireland Fund, Inc.
(800) 468-6475

Website: www.newirelandfund.com