The New Ireland Fund, Inc. Monthly Portfolio Update

BOSTON, MA--(Marketwired - Jan 2, 2015) - The New Ireland Fund, Inc. (NYSE: IRL) today released an updated Monthly portfolio statement as of December 31, 2014.

Issuer Name	Shareholding		US $ Market Value		% of Market Value
AER LINGUS GROUP PLC	136,976		365,640.61		0.49%
ARYZTA AG	87,302		6,708,143.66		9.03%
BANK OF IRELAND	8,634,145		3,270,153.30		4.40%
C&C GROUP PLC	79,769		349,419.51		0.47%
CIE DE ST-GOBAIN	62,820		2,678,027.37		3.60%
CPL RESOURCES PLC	333,496		2,643,238.59		3.56%
CRH PLC	257,962		6,211,739.69		8.36%
DRAGON OIL PLC	262,270		2,150,435.64		2.89%
FBD HOLDINGS PLC	11,505		159,124.59		0.21%
GLANBIA PLC	197,109		3,029,106.98		4.08%
GRAFTON GROUP PLC	205,309		2,042,429.67		2.75%
GREEN REIT PLC	533,095		825,693.78		1.11%
INDEPENDENT NEWS & MEDIA PLC	1,212,051		197,997.22		0.27%
IRISH CONTINENTAL GROUP PLC	559,696		2,201,101.15		2.96%
IRISH RESIDENTIAL PROPERTIES REIT PLC	2,350,000		3,011,398.70		4.05%
KENMARE RESOURCES PLC	325,313		16,139.49		0.02%
KERRY GROUP PLC	111,797		7,720,447.22		10.39%
KINGSPAN GROUP PLC	182,544		3,169,741.90		4.27%
ONE FIFTY ONE PLC	1,666,666		2,218,429.84		2.99%
ORIGIN ENTERPRISES PLC	53,753		549,621.68		0.74%
PADDY POWER PLC	22,020		1,836,132.43		2.47%
RYANAIR HOLDINGS PLC ADR	94,218		6,714,916.86		9.04%
RYANAIR HOLDINGS PLC	911,868		10,818,922.50		14.56%
SMURFIT KAPPA GROUP PLC	153,966		3,483,941.63		4.69%
TOTAL PRODUCE PLC	312,862		405,080.21		0.55%

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.