CELTIC RESIDENTIAL IRISH MORTGAGE SECURITISATION NO 2 PLC

Notice of Redemption
Celtic Residential Irish Mortgage Securitisation No. 2 P.L.C.
NOTES                                                            ISIN            Common Code
EUR 238,710,759 Class A Secured Floating Rate Notes due 2030     XS0091080332    9108033
(together, the Notes) 

NOTICE IS HEREBY GIVEN that, pursuant to Condition 5(c) of the terms and
conditions of the Notes, Celtic Residential Irish Mortgage Securitisation No. 2
p.l.c. will redeem all of the outstanding Notes on the Interest Payment Date
falling on 18 August 2006 at par, together with accrued interest up to, but
excluding, the date of redemption.

For and behalf of Celtic Residential Irish Mortgage Securitisation No. 2 p.l.c.
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