The New Ireland Fund, Inc. Amended Monthly Portfolio Update

BOSTON, MA -- (Marketwired) -- 01/04/17 -- The New Ireland Fund, Inc. (NYSE: IRL) today released an updated Monthly portfolio statement as of December 30, 2016.

Issuer Name                    Shareholding    US $ Market   % of Total Net
                                                  Value           Assets
----------------------------------------------------------------------------
AMRYT PHARMA PLC                   2,312,917      462,593.14            0.65
APPLEGREEN PLC                       440,798    1,948,832.19            2.74
BANK OF IRELAND                   13,326,937    3,282,704.12            4.61
CIE DE SAINT-GOBAIN                   32,638    1,520,447.47            2.14
CPL RESOURCES PLC                     40,079      226,134.70            0.32
CRH PLC                              479,130   16,621,117.44           23.34
DALATA HOTEL GROUP PLC               693,089    3,206,516.10            4.50
DCC PLC                                4,876      362,956.79            0.51
GLANBIA PLC                          164,684    2,735,545.51            3.84
GREEN REIT PLC                       917,386    1,324,926.41            1.86
GREENCORE GROUP PLC                  758,906    2,305,468.55            3.24
HOSTELWORLD GROUP PLC                507,121    1,334,557.04            1.87
INDEPENDENT NEWS & MEDIA PLC       2,514,151      337,432.63            0.47
IRISH CONTINENTAL GROUP PLC          569,366    2,697,053.62            3.79
KERRY GROUP PLC                       26,088    1,864,644.73            2.62
KINGSPAN GROUP PLC                   127,234    3,455,480.33            4.85
MALIN CORPORATION PLC                 65,582      842,228.68            1.18
ONE FIFTY ONE PLC                  1,258,643    1,788,635.60            2.51
ORIGIN ENTERPRISES PLC                32,506      211,498.76            0.30
PADDY POWER BETFAIR PLC               64,936    6,938,045.01            9.74
RYANAIR HOLDINGS PLC ADR              30,956    2,577,396.56            3.62
RYANAIR HOLDINGS PLC                 583,969    8,916,472.29           12.52
SMURFIT KAPPA GROUP PLC              136,299    3,127,051.84            4.39
TOTAL PRODUCE PLC                  1,287,793    2,663,754.24            3.74

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 KBI Global Investors (North America) Ltd (previously Kleinwort Benson Investors International Ltd), a wholly owned subsidiary of KBI Global Investors Ltd (previously Kleinwort Benson Investors Dublin Ltd), and is listed on the New York Stock Exchange under the ticker symbol IRL. For further information, please contact the Fund at [phone] or [e-mail]

Website: newirelandfund.com

For further information, please contact the Fund at
[phone]
[e-mail]