The New Ireland Fund, Inc. Monthly Portfolio Update

BOSTON, MA -- (Marketwire) -- 01/02/13 -- The New Ireland Fund, Inc. (NYSE: IRL) today released an updated Monthly portfolio statement as of December 31, 2012.

Security Name                     Shareholding    US $ Market    % of Market
                                                     Value          Value
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AER LINGUS GROUP PLC                   274,817     400,359.77          0.77%
ARYZTA AG                               73,803   3,794,750.10          7.30%
C&C GROUP PLC                          269,779   1,620,808.58          3.12%
CPL RESOURCES PLC                      285,169   1,307,980.59          2.51%
CRH PLC                                300,432   6,060,133.32         11.65%
DCC PLC                                 19,286     630,577.40          1.21%
DRAGON OIL PLC                         232,276   2,084,206.96          4.01%
ELAN CORP PLC                          152,261   1,554,584.81          2.99%
FBD HOLDINGS PLC                       129,854   1,780,464.13          3.42%
GLANBIA PLC                             85,568     941,981.59          1.81%
GOVERNOR & CO BANK OF IRELAND        6,101,796     917,079.72          1.76%
GRAFTON GROUP PLC                      156,753     810,114.65          1.56%
ICON PLC                                25,173     698,802.48          1.34%
IFG GROUP PLC                          105,036     180,437.64          0.35%
IRISH CONTINENTAL GROUP PLC             95,317   2,431,621.04          4.67%
KENMARE RESOURCES PLC                2,627,445   1,347,496.96          2.59%
KERRY GROUP PLC                        111,776   5,902,688.41         11.35%
KINGSPAN GROUP PLC                     190,074   2,086,679.92          4.01%
ORIGIN ENTERPRISES PLC                 372,042   2,035,563.36          3.91%
PADDY POWER PLC                         31,048   2,558,339.67          4.92%
PROTHENA CORP PLC                        3,714      27,221.30          0.05%
RYANAIR HOLDINGS PLC                   911,868   5,682,796.92         10.92%
RYANAIR HOLDINGS PLC                    40,511   1,388,717.08          2.67%
SAP AG                                  17,752   1,420,394.51          2.73%
SMURFIT KAPPA GROUP PLC                182,608   2,166,740.33          4.17%
TOTAL PRODUCE PLC                      552,258     436,855.51          0.84%
TVC HOLDINGS PLC                       385,973     419,812.57          0.81%
UNITED DRUG PLC                        218,613     978,641.63          1.88%

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.

Website: newirelandfund.com