Irish  Continental  Group  plc   (ICG)  issues  its  second   Interim
Management Statement for  2009 which  covers the period  from 1  July
2009.

It should  be noted  that ICG's  business is  significantly  weighted
towards the second half of the year (particularly the third  quarter)
where normally a higher proportion of the Group's operating profit is
generated than in the first six months.


TRADING, TO 30 SEPTEMBER 2009

Group revenue for the nine months  to 30th September 2009 was  €197.8
million (2008: €265.5 million).  EBITDA for the nine months was €41.7
million (2008: €55.9  million), while operating  profit for the  nine
months was  €24.1 million  compared with  €37.5 million  in the  same
period in 2008.  As at 30 June 2009, we had reported operating profit
for the six months of €7.1  million versus €17.3 million in the  same
period in 2008. The comparative results in 2008 include €3.8  million
profit in respect of the sale of the MV Normandy.


FINANCE

Net debt at  30 September 2009,  was €30.0 million,  down from  €48.5
million at 30 June 2009.  This is the lowest level of net debt  since
1993, reflecting the Group's very strong cash flow characteristics.


CURRENT TRADING & OUTLOOK

In the period from 1 July 2009 to 31 October 2009, passenger  numbers
are up 1% at 643,000, cars carried are up 2% at 171,000, RoRo freight
volumes are down 16% at 66,000 units.  Container freight volumes  for
the same period are  down 19% at 143,000  teu, while units lifted  at
our ports are down 18% at 59,000.

In the year to date (to 31 October 2009), passengers carried are down
4% at 1,264,000,  while car  numbers are  down 2%  at 330,000.   RoRo
freight volumes  in the  same period  are down  20% on  last year  at
165,000  units  partly  reflecting  additional  competitive   freight
capacity.  Container freight volumes are 27% lower than the  previous
year at 330,000 teu,  while units handled at  our port terminals  are
down by 25% at 137,000.

The economic  environment remains  challenging  and the  weakness  of
sterling against the euro  remains an issue  for the Group.   Freight
volumes continue to reflect subdued trading activity while  passenger
and car  volumes  have remained  more  resilient and  have  responded
favourably to our marketing initiatives.



10th November 2009

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