Recent Work by Industry

Recent work relevant to Equity Capital Markets   Petroceltic International plc     Kenmare Resources plc     We advised Petroceltic International plc in relation to a US$120.5 million conditional placing with both existing and new institutional shareholders, the proceeds of which will be used to support the Company's appraisal programme in Algeria and to fund proposed drilling activities in Italy.     We acted for J.P. Morgan Cazenove, Davy, Canaccord Adams, and Mirabaud Securities, the global co-ordinator, sponsor and underwriters of Kenmare Resources plc's STG£180 million capital raising by Firm Placing, Placing and Open Offer.     Date : March 2010 Value : USD$120.5m     Partners :  Barry Devereux                           Date : March 2010 Value : STG£180m                    Allied Irish Banks, plc - NAMA Participation     Davy / IFG Group plc - Placing and Open Offer     We are advising Allied Irish Banks, p.l.c. in relation to its proposed participation in the National Asset Management Agency bank asset acquisition programme, as announced on 30 November 2009     We acted for Davy, as sponsor and underwriter of IFG Group's €50m placing and open offer to finance its class 1 acquisition of James Hay Holdings Limited.     Date : Ongoing Value : approx €24 billion    Partners :  Barry Devereux                      Aidan Lawlor                      Peter Osborne                           Date : December 2009 Value : €50m     Partners :  Barry Devereux                      Aidan Lawlor                                       Allied Irish Banks, plc - Recapitalisation     Davy, Canaccord Adams and Renaissance Securities     We acted for Allied Irish Banks, plc on the Government's €3.5 billion recapitalisation, effected by a subscription by the National Pensions Reserve Fund Commission for 3.5 billion preference shares in the bank. As part of the subscription the commission was given warrants to subscribe for ordinary shares representing 25% of the bank's ordinary share capital at that time     We acted for Davy, Canaccord Adams and Renaissance Securities, the joint brokers in respect of PetroNeft Resources plc's institutional placing which raised USD$27.5million.     Date : May 2009 Value : €3.5bn    Partners :  David Byers                      Julian Conlon                      Barry Devereux                           Date : September 2009 Value : $27.5m    Partners :  Julian Conlon                      Aidan Lawlor                                       Independent News & Media plc     Petroceltic International plc     We acted for Independent News & Media plc on its announced restructuring, including the agreement of new €745 million banking facilities with its syndicate of banks and the equitisation of the INM Group's May 2009 €200 million 5.75% bonds and related proposed €92.2 million rights issue     We advised Petroceltic International plc in relation to a US$40 million placing with both existing and new institutional shareholders, the proceeds of which are being used to support Petroceltic's drilling programme in Algeria and to accelerate Petroceltic's ongoing appraisal and drilling activities in Italy     Date : November 2009 Value : €945m    Partners :  David Byers                      John Cronin                      Julian Conlon                      Adrian Farrell                      Damian Collins                      Jane Marshall                      Helen Kilroy                           Date : April 2009 Value : USD$40m    Partners :  Barry Devereux                      Julian Conlon                                       Aminex plc     alphyra/Payzone     We acted for Davy and Astaire Securities plc, placing agents and sponsor (Davy), in respect of Aminex plc's institutional placing and open offer which raised USD$17million.     We advised alphyra on its reverse take over of Cardpoint plc     Date : August 2009 Value : $17m    Partners :  Julian Conlon                      Aidan Lawlor                           Date : December 2007 Value : €437m    Partners :  Alan Fuller                                       Merrion Pharmaceuticals     Smurfit Kappa IPO     We advised Goodbody Stockbrokers as placing agent, nominated adviser and broker in relation to the proposed IPO and admission to trading of Merrion Pharmaceuticals on the IEX market of the Irish Stock Exchange     We acted for Deutsche Bank, Citigroup, Davy and Goldman Sachs International, the joint bookrunners and underwriters of Smurfit Kappa plc's €3.6bn IPO. This deal was awarded Equity Linked Deal of the Year by Finance Magazine Deals of the Year 2008.     Date : December 2007 Partners :  Julian Conlon                           Date : March 2007 Value : €3.6bn    Partners :  Barry Devereux                      Julian Conlon                      David Byers                                       Davy/TVC Holdings plc     Davy/Waterford Wedgwood     We advised Davy in its role as placing agent, nominated adviser and broker in relation to the IPO and admission to trading of TVC Holdings plc on the AIM market of the London Stock Exchange and on the IEX market of the Irish Stock Exchange     We advised Davy in its role as sponsor and stockbroker to Waterford Wedgwood on its €100m Preference Share Open Offer     Date : July 2007 Value : €50m    Partners :  Julian Conlon                      David Byers                           Date : July 2007 Value : €100m    Partners :  Barry Devereux                                       Petroceltic International plc/Iberdrola     Aminex plc     We advised Petroceltic International plc in relation to its strategic alliance and financing arrangements with Iberdrola, a major international energy company, to facilitate the development of the company's oil and gas assets in North Africa and Italy.     We advised Davy, sponsor of Aminex plc's €25m placing and rights issue.     Date : June 2008 Value : USD$55m    Partners :  Barry Devereux                      David Byers                      Richard Rice                           Date : May 2007 Value : €25.1m    Partners :  Julian Conlon                      David Byers                                       McInerney Holdings rights issue     Aer Lingus IPO     We acted for the Bank of Ireland and IBI Corporate Finance, respectively the underwriter of and sponsor to McInerney's €86.8m rights issue     We advised UBS, AIB, Goldman Sachs and Merrion Stockbrokers, the underwriters of the IPO of Aer Lingus     Date : March 2007 Value : €86.8m    Partners :  David Byers                           Date : September 2006 Value : €1.1bn    Partners :  Barry Devereux                      Julian Conlon                                       New Skies Satellites     Davy/AGI Therapeutics     We advised New Skies Satellites on its IPO and admission to listing on the New York Stock Exchange     We advised Davy in its role as placing agent, nominated adviser and broker in relation to the IPO and admission to trading of AGI Therapeutics on the AIM market of the London Stock Exchange and on the IEX market of the Irish Stock Exchange     Date : May 2006 Value : US$225.8m    Partners :  Richard Rice                           Date : February 2006 Value : €84.9m    Partners :  Julian Conlon                                       Davy/Waterford Wedgwood Open Offer     C & C Group     We acted for Davy, the underwriter of the €60m open offer announced by Waterford Wedgwood plc on 12 June 2006.     Advised C&C on its IPO and admission to listing on the Irish Stock Exchange and the UK Listing Authority.     Date : June 2006 Value : €60m    Partners :  Barry Devereux                      David Byers                           Date : May 2004 Value : €725 million    Partners :  David Byers                      David Lydon                      Julian Conlon                      Guy French                      Maureen Dolan                      Ben Gaffikin