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CORRECTION - The New Ireland Fund, Inc. Announces Record Date and Payment Date for Quarterly Distribution

BOSTON, MA -- (Marketwired) -- 09/02/14 -- The New Ireland Fund, Inc. (NYSE: IRL) (the "Fund"), a closed-end fund, announced on August 28, 2014 that it will pay on September 19, 2014, a distribution of US$0.30245 per share to all shareholders of record as of September 9, 2014.

On page 2 of the Fund's press release issued on August 28, 2014, the Fiscal Year to date (11/1/2013 to 8/28/2014) return was incorrectly stated as 1.82%, instead of the correct figure of 8.74% for such period.

The following amended table provides the Fund's total return performance based on net asset value (NAV) over various time periods compared to the Fund's annualized and cumulative distribution rates.

----------------------------------------------------------------------------
Average Annual Total Return on NAV for the 5 Year Period Ending
07/31/2014(1)                                                         15.75%
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Current Fiscal Period's Annualized Distribution Rate on NAV(2)            8%
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Fiscal Year to Date (11/1/2013 to 08/28/2014)
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Cumulative Total Return on NAV(1)                                      8.74%
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Cumulative Distribution Rate on NAV(2)                                 2.46%
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(1) Return data is net of all fund expenses and fees and assumes the reinvestment of all distributions reinvested at prices obtained under the Fund's dividend reinvestment plan.
(2) Based on the Fund's NAV as of July 31, 2014.

The Fund is managed by Kleinwort Benson Investors International Ltd., a wholly owned subsidiary of Kleinwort Benson Investors Dublin Ltd., and is listed on the New York Stock Exchange under the ticker symbol -- IRL.

Website: www.newirelandfund.com

For further information, please contact the Fund:
(800) 468-6475

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